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Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) An asset (not an automobile) put in service in June 2021 has a depreciable basis of $28,000

Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)

An asset (not an automobile) put in service in June 2021 has a depreciable basis of $28,000 and a recovery period of 5 years. Assuming bonus depreciation is used, half-year convention and no election to expense is made, what is the maximum amount of cost that can be deducted in 2021?

a.$40,000

b.$14,000

c.$5,600

d.$28,000

e.$24,000

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