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 2017.This is the only asset placed in service in 2017.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