A taxpayer places a $50,000 5-year recovery period asset (not an auto) in service in 2021. This is the only asset placed in service in 2021. Assuming half-year convention, no immediate expensing, what is the adjusted basis of of the assets after applying 2021 bonus depreciation? a. $0 b. $10,000 c. $25,000 d. $50,000 e. None of the above

11. A taxpayer places a $50,0005-year recovery period asset (not an auto) in service in 2021 . This is the only asset placed in service in 2021. Assuming half-year convention, no immediate expensing, what is the adjusted basis of of the assets after applying 2021 bonus depreciation? a. $0 b. 510,000 c. $25,000 d. $50,000 e. None of the above