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

question 47

Multiple Choice

An asset (not an automobile) placed in service in June 2016 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 2016?​

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

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External pressures or events that cause stress or emotional strain.

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