A taxpayer places a $550,000 5-year recovery period asset in service in 2016. This is the only asset placed in service in 2016. 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)? show caculations

Select one:

a. $10,000

b. $50,000

c. $500,000

d. $510,000

e. $550,000