ACC 456 STUDY Extraordinary Success/acc456study.com ACC 456 STUDY Extraordinary Success/acc456study. | Page 29

ACC 456 Week 5 Practice Problem (10-5, 11-37, 11-41, 12-
36)
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Complete the following problem in Chapter 10:
• I:10-5
Complete the following problems in Chapter 11:
• I:11-37
• I:11-41
Complete the following problems in Chapter 12:
• I:12-36
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Microsoft® Word document.
I:10-5
Robert is a sole proprietor who uses the calendar year as his tax year.
On July 20, 2015 he acquired and placed in service a business
machine, a 7-year asset, for $50,000. No other property was acquired
in 2015.