An Asset (Not an Automobile) Placed in Service in June

question 32

Multiple Choice

An asset (not an automobile) placed 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 no expensing election, what is the maximum amount of cost that can be deducted in 2015?​

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

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Definitions:

Antihemorrhagic

A substance or treatment that prevents or stops bleeding.

Thrombocyte

Another term for platelets, which are small blood cells that play a critical role in blood clotting.

Lymphocyte

A type of white blood cell that is part of the immune system, involved in protecting the body against both infectious disease and foreign invaders.

Humoral Immunity

A component of the immune system that is mediated by antibodies produced by B cells.