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Posted on Jul 24, 2024

Diana acquires, for $ 6 5 , 0 0 0 , and places in service a 5 - year class asset on December 1 9

Diana acquires, for $ $65, 000,$ 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.

Click here to access the depreciation table to use for this problem.

Calculate Diana's TOTAL COST RECOVERY DEDUCTION FOR $2023 .$

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