Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2016. It

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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2016. It is the only asset that Diana acquires during 2016. Diana does not elect immediate expensing under § 179. She elects additional first-year deprecation. Calculate Diana's total cost recovery deduction for 2016.
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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