An Asset (Not an Automobile) Put in Service in June

Multiple Choice

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $1,035,000, 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 2019 (assume no income limitation) ?

A) $207,000
B) $500,000
C) $1,017,500
D) $1,000,000
E) $1,035,000