An asset (not an automobile) put in service in June 2020 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 2020 (assume no income limitation)? Oa. a. $21,000 Ob. $7,000 Oc. $17,500 Od. $24,400 Oe. $35,000