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An asset (not an automobile) put in service in June 2022 has a depreciable basis of $2,075,000, has a recovery period of 5 years, and
An asset (not an automobile) put in service in June 2022 has a depreciable basis of $2,075,000, has 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 2022? a. $1,255,000 b. $1,050,000 c. $415,000 d. $2,075,000
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