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Bonnie placed in service a new business asset (five-year property) on March 10, 2018, at a cost of $30,000. She also placed in service a
Bonnie placed in service a new business asset (five-year property) on March 10, 2018, at a cost of $30,000. She also placed in service a new business asset (seven-year property) on November 20, 2018, at a cost of $13,000. Bonnie elects to use the maximum amount under 179. Determine the maximum cost recovery deduction for 2018 for these assets.
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