​An Asset (Not an Automobile) Put in Service in June

question 78

Multiple Choice

​An asset (not an automobile) put in service in June 2015 has a depreciable basis of $35,000 and a recovery period of 5 years. Assuming bonus depreciation is extended into 2015, a half-year convention, and the expensing election is made, what is the maximum amount of cost that can be deducted in 2015 (assume no income limitation) ?

• A)​$7,000
• B)​$17,500
• C)​$21,000
• D)​$24,400
• E)​$35,000

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