Question 5 In 2019, five-year non-listed non-realty business property costing $25,000 was placed in service on January 11. The property is depreciated using MACRS. Assume the does not first take advantage of the Code Sec. 179 deduction, but does use bonus depreciation. The depreciation deduction in 2019 is:

Question 5 options:

1) $25,000 2) $16,875 3) $1,250

4) $8,750

5) $2,500

Question 6 The research and experimental costs the taxpayer can elect to immediately expense include all such costs incident to the development or improvement of a product. Question 6 options: 1) True 2) False