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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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