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

question 69

Multiple Choice

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $535,000 and a recovery period of 5 years. Assuming bonus depreciation is used, a half-year convention, and no expensing election, what is the maximum amount of cost that can be deducted in 2019?

• A)$107,000
• B)$267,500
• C)$321,000
• D)$374,500
• E)$535,000

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