Multiple Choice
A taxpayer places a $50,000 5-year recovery period asset in service in 2017.This is the only asset placed in service in 2017.Assuming half-year convention,no election to expense and no income limitation,what is the amount of total cost recovery deduction?
A) $0
B) $5,000
C) $25,000
D) $30,000
E) $50,000
Correct Answer:
Verified
Correct Answer:
Verified
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