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An Asset (Not an Automobile)put in Service in June 2017

Question 46

Multiple Choice

An asset (not an automobile) put in service in June 2017 has a depreciable basis of $535,000,a recovery period of 5 years,and is the only asset placed in service during the year.Assuming bonus depreciation is used,a half-year convention,and the expensing election is made,what is the maximum amount of cost that can be deducted in 2017 (assume no income limitation) ?


A) $107,000
B) $500,000
C) $510,000
D) $525,000
E) $535,000

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