On january 1, 2013, m. johanson company purchased equipment for $36,000. the company is depreciating the equipment at the rate of $500 per month. the book value of the equipment at december 31, 2013 is: a)$0.b)$6,000.c)$30,000.d)$36,000.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.