A Taxpayer Places a $50,000 5-Year Recovery Period Asset in Service

Multiple Choice

A taxpayer places a $50,000 5-year recovery period asset in service in 2015. This is the only asset placed in service in 2015. Assuming half-year convention, immediate expensing (with 2014 amounts extended into 2015) , and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation) ?​

A) ​$0
B) ​$5,000
C) ​$25,000
D) ​$30,000
E) ​$50,000