Exercise $8-23($Algorithmic$)($LO$.2,3)$

Diana acquires, for $$240,800,$ and places in service a $5-$year class asset on

December $19,2024.$ It is the only asset that Diana acquires during $2024.$ 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 recover deduction for $2024.$

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Additional first$-$year depreciation $($also referred to as bonus depreciation$)$ allc

the year qualified property is placed in service.