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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2017. It is the only asset that Diana acquires during
Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2017. It is the only asset that Diana acquires during 2017. 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. Diana's total cost recovery deduction for the asset is $ for 2017.
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