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Can an expert please answer this question Tax Drill Additional First-year Depreciation Diana acquires and places in service a 5-year class asset, costing $65,000, on
Can an expert please answer this question
Tax Drill Additional First-year Depreciation Diana acquires and places in service a 5-year class asset, costing $65,000, on December 19, 2018. Diana does not elect immediate expensing under 179. She elects additional first-year depreciation. Click here to access the depreciation table to use for this problem Diana's total cost recovery deduction for the asset is $ for 2018. Feedback Check My Work Additional first-year depreciation (also referred to as bonus depreciation) allows taxpayers to take an additional amount of cost recovery in the year qualified property is placed in serviceStep by Step Solution
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