In april , the current year, emma acquired a machine for $60,000 for use in her business. the machine is classified as 7-year property. emma does not expense the asset under sec. 179 or bonus depreciation. emma's depreciation on the machine in the current year isa) $30,000b) $60,000c) $ 6,428d), $8,574

D), $8,574

Explanation:

The computation of the depreciation on the machine is shown below:

= Acquired value of the machine × depreciation rate for the first year

= $60,000 × 14.29%

= $8,574

Simply we multiplied the acquired value of the machine with the depreciation rate for first-year so that the correct amount of depreciation can come

answer; human resource management.(hrm);