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

question 46

Multiple Choice

An asset (not an automobile) put in service in June 2017 has a depreciable basis of $535,000,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,what is the maximum amount of cost that can be deducted in 2017 (assume no income limitation) ?

• A)$107,000
• B)$500,000
• C)$510,000
• D)$525,000
• E)$535,000

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Definitions:

Companionate Love

A form of love characterized by deep affection, emotional closeness, and a strong bond, without necessarily including passion or physical attraction.

Relationship Satisfaction

A measure of joy or contentment individuals feel regarding their interpersonal relationships, including romantic partnerships.

Passionate Love

A state of intense longing for union with another. Passionate love is characterized by strong emotions, sexual desire, and anxiety.

Sternberg

Refers to Robert Sternberg, a psychologist known for his theory on love and intelligence, which includes the triangular theory of love and the triarchic theory of intelligence.