Diana acquires, for $267,200, and places in service a 5-year class asset on December 19, 2023. It is the only asset that Diana acquires during 2023. Diana does not elect immediate expensing under 179. She elects additional first-year deprecation.

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Calculate Diana's total cost recovery deduction for 2023. $fill in the blank 1

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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 service. TRIED 267200