Watson Company purchases used equipment (5-year MACRS property) for $570,000 on July 8, 2017 . What is Watson' maximum allowable cost recovery deduction for 2017 on the equipment if this is the only purchase of equipment for 2017?
a. $530,000
b. $542,000
c. $539,000
d. $542,500
e. $549,000
a
You might also like to view...
Which of the following is included in calculating lead time for a supplier?
A. to design the product for sustainability B. to deliver it after it’s been ordered C. to design the product for recycling D. to package the product
The manager of a revenue center has control over:
A) profit and investment decisions. B) revenues and costs. C) revenues only. D) revenues and profit
In entertainment licensing, the major risk to licensees is that the brand will become overexposed.
Answer the following statement true (T) or false (F)
The two major components of the interest rate that cause rates to vary across different investment opportunities or loans are ________
A) the default premium and the bankruptcy premium B) the liquidity premium and the maturity premium C) the default premium and the maturity premium D) the inflation premium and the maturity premium