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An Asset Is Placed in Service on May 15, 2015

Question 2

Multiple Choice

An asset is placed in service on May 15, 2015 and has a depreciable basis of $40,000. The asset is in the 7-year recovery class. What is the maximum depreciation deduction that may be claimed for 2015, excluding the election to expense and bonus depreciation?


A) $2,572
B) $5,144
C) $5,716
D) $25,000
E) None of the above

Correct Answer:

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