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 2016. This is the only asset placed in service in 2016. Assuming half-year convention, an election to expense under Section 179, 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