Multiple Choice
An asset other than a passenger automobile is placed in service on May 15, 2014 and has a depreciable basis of $36,000. The asset is in the 7-year recovery class. What is the maximum depreciation deduction that may be claimed for 2014, excluding the election to expense and bonus depreciation?
A) $2,572
B) $5,144
C) $25,000
D) $36,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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