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

Diana acquires, for $120,800, and places in service a 5-year class asset on December 19, 2020. It is the only asset that Diana acquires during 2020. 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 2020.