On october 2 of this year kerri industries a business that

Reference no: EM13485870

On October 2 of this year, Kerri Industries, a business that uses the calendar year as its tax reporting year, acquired and placed into service 7-year business equipment costing $35,000. No other acquisitions were made during the year. Assuming no election is made with regard to §179 expensing and/or bonus depreciation, what is the maximum amount of depreciation that Kerri may claim this year with respect to this property?

Reference no: EM13485870

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