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, and taxable income after all deductions except Section 179 of $5,000, what is the amount of Section 179 immediate expensing?
A) $0
B) $5,000
C) $25,000
D) $30,000
E) $50,000
Correct Answer:

Verified
Correct Answer:
Verified
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