Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. What amount of depreciation expense is allowable in the current (second) year of ownership?
a. $16,806
b. $14,939
c. $16,163
d. $16,072
Answers: 2
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Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a
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Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immed...
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