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

question 100

Multiple Choice

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

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

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Definitions:

Somatosensory Cortex

A part of the brain that processes sensory information from various parts of the body.

Brain Tissue

The collection of neurons, glial cells, and other components that make up the brain, essential for processing information and controlling bodily functions.

Motor Cortex

An area of the brain's frontal lobe involved in planning, controlling, and executing voluntary movements.

Frontal Lobes

The regions of the brain located behind the forehead that are responsible for voluntary movement, language, planning, and problem-solving.