Multiple Choice
An asset (not an automobile) placed in service in June 2017 has a depreciable basis of $35,000 and a recovery period of 5 years.Assuming bonus depreciation is used,a half-year convention,and no expensing election,what is the maximum amount of cost that can be deducted in 2017?
A) $7,000
B) $17,500
C) $21,000
D) $24,500
E) $35,000
Correct Answer:
Verified
Correct Answer:
Verified
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