Multiple Choice
An asset (not an automobile) put in service in June 2015 has a depreciable basis of $2,035,000 and a recovery period of 5 years. Assuming bonus depreciation is extended into 2015, a half-year convention, and the expensing election is made, what is the maximum amount of cost that can be deducted in 2015 (assume no income limitation) ?
A) $407,000
B) $1,407,000
C) $2,000,000
D) $2,035,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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