quiz 8 - Skip navigation links <#endNav> INDIVIDUAL...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sheet1 Page 1 Skip navigation links <#endNav> INDIVIDUAL TAXATION: SUMMER 2010 (201105-ACCT-185-4922) </bin/common/course.pl?course_id=_27241_1> > > REVIEW ASSESSMENT: QUIZ 8: COST RECOVERY End navigation links Review Assessment: Quiz 8: Cost Recovery User Maureen Waweru Submitted 6/28/10 1:34 PM Name Quiz 8: Cost Recovery Status Completed Score 3 out of 5 points Instructions Question 1 text Question 1 0 out of 1 points Incorrect Bonnie purchased new business equipment (five-year property) on March 10, 2010 at a cost of $350,000. She elected to expense the maximum allowed under § 179. Determine her *total* cost recovery deduction for 2010. Question 1 answers Selected Answer: Incorrect d. $310,000.00 Correct Answer: Correct b. $270,000.00 Feedback: Since asset was acquired in March, mid-year convention applies. Cost of Asset
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/28/2010 for the course ACCT 185 taught by Professor Bass during the Spring '10 term at Institute for Advanced Study.

Page1 / 6

quiz 8 - Skip navigation links <#endNav> INDIVIDUAL...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online