An Asset (Not an Automobile)placed in Service in June 2018

question 34

Multiple Choice

An asset (not an automobile) placed in service in June 2018 has a depreciable basis of $35,000 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 2018?

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