Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2021. It
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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2021. It is the only asset that Diana acquires during 2021. Diana does not elect immediate expensing under § 179. She elects additional firstyear deprecation. Calculate Diana’s total cost recovery deduction for 2021.
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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