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

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.

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Calculate Diana's total cost recovery deduction for $2023.$

$

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Additional first$-$year depreciation $($also referred to as bonus depreciation$)$ allows taxpayers to take an additional amount of the year qualified property is placed in service.