An Asset (Not an Automobile)put in Service in June 2017

question 101

Multiple Choice

An asset (not an automobile) put in service in June 2017 has a depreciable basis of $2,055,000,a recovery period of 5 years,and is the only asset placed in service this year.Assuming bonus depreciation is used,a half-year convention,and the expensing election is made,what is the maximum amount of cost that can be deducted in 2017 (assume no income limitation) ?

• A)$411,000
• B)$1,411,000
• C)$1,427,000
• D)$2,055,000
• E)None of the above

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Definitions:

Active Listening

Making a conscious effort to turn off filters and biases to truly hear and understand what someone is saying.

Nonverbal Signal

A form of communication without words, such as gestures, facial expressions, and body language, that conveys a message.

Intensity Of Feelings

A measure of the strength or depth of emotions associated with an experience or expression.

Facial Expression

The use of facial muscles to convey emotions, reactions, or intentions, often an important aspect of non-verbal communication.