A taxpayer places a $1,050,000 5 year recovery period asset in service in 2019 This is the only asset placed in service in 2019 Assuming half year convention, an election to expense under Section 179, and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation) a $1,000,000 b $200,000 c $1,050,000 d $1,026,000 e $210,000 An asset (not an automobile) put in service in June 2019 has a depreciable basis of $35,000 and a recovery period of 5 years and is the only asset placed in service this 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 2019 (assume no income limitation) a $17,500 b $35,000 c $24,400 d $7,000 e $21,000 An asset (not an automobile) put in service in June 2019 has a depreciable basis of $2,065,000, a recovery period of 5 years, and is the only asset placed in service this year Assuming bonus depreciation is used, a half year convention, and the expensing election is not made, what is the maximum amount of cost that can be deducted in 2019 a $411,000 b $1,411,000 c $1,427,000 d $2,065,000 e None of the above A taxpayer places a $50,000 5 year recovery period asset in service in 2019 This is the only asset placed in service in 2019 Assuming half year convention, no special elections (for example, election to expense), what is the amount of total cost recovery deduction a $0 b $5,000 c $25,000 d $30,000 e $50,000

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A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year

A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, an election to expense under Section 179, and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation)?

	a.	$1,000,000
	b.	$200,000
	c.	$1,050,000
	d.	$1,026,000
	e.	$210,000

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $35,000 and a recovery period of 5 years and is the only asset placed in service this 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 2019 (assume no income limitation)?

	a.	$17,500
	b.	$35,000
	c.	$24,400
	d.	$7,000
	e.	$21,000

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $2,065,000, a recovery period of 5 years, and is the only asset placed in service this year. Assuming bonus depreciation is used, a half-year convention, and the expensing election is not made, what is the maximum amount of cost that can be deducted in 2019?

	a.	$411,000
	b.	$1,411,000
	c.	$1,427,000
	d.	$2,065,000
	e.	None of the above

A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, no special elections (for example, election to expense), what is the amount of total cost recovery deduction?