On January 3,2011,John acquired and placed into service business tools costing $10,000.The tools have a 3-year class life.No other assets were purchased during that year.The depreciation in 2014 for those tools is (Sec.179 and bonus depreciation were not applied)
A)$0.
B)$741.
C)$1,920.
D)$3,333.

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The Answer of On January 3,2011,John acquired and placed into service business tools costing $10,000.The tools have a 3-year class life.No other assets were purchased during that year.The depreciation in 2014 for those tools is (Sec.179 and bonus depreciation were not applied)
A)$0.
B)$741.
C)$1,920.
D)$3,333.

On January 3,2011,John Acquired and Placed into Service Business Tools