In April 2018, Emma acquired a machine for $60,000 for use in her business. The machine is classified as 7-year property. Emma does not expense the asset under Sec. 179 or bonus depreciation. Emma's depreciation on the machine for 2018 is
A) $30,000.
B) $60,000.
C) $6,428.
D) $8,574.
D) $8,574.
$60,000 × .1429 = $8,574.
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