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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
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. Click here to access the depreciation table to use for this problem. Calculate Diana's total cost recovery deduction for 2023. x Feedback Check My Work Additional first-year depreciation (also referred to as bonus depreciation) allows taxpayers to take an additi year qualified property is placed in service. nount of cost recovery in the Next All work saved. Submit Assignment for Grading
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