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

question 83

Multiple Choice

​An asset (not an automobile) placed in service in June 2016 has a depreciable basis of $2,035,000, a recovery period of 5 years, and is the only asset placed in service during the year. Assuming bonus depreciation is used, a half-year convention, and the expensing election is made for the maximum eligible amount, what is the amount of cost that can be deducted in 2016 assuming the business earned taxable income of $1,000,000 before deducting any cost recovery?

• A)​$407,000
• B)​$500,000
• C)​$1,000,000
• D)​$1,407,000
• E)​$2,000,000

---

Definitions:

SUD Treatment Models

Various therapeutic frameworks and methodologies used to address Substance Use Disorders, often underpinned by psychological, medical, or social theories.

12-Step Model

A structured program designed to help individuals recover from addiction or compulsive behaviors, originally developed by Alcoholics Anonymous.

TC Model

Therapeutic Community Model; a treatment approach that uses a structured, communal living environment to promote recovery from addiction or mental illness.

N-SSATS

National Survey of Substance Abuse Treatment Services, which collects data on the location, characteristics, and use of alcohol and drug abuse treatment facilities.