Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2015. It

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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2015. It is the only asset that Diana acquires during 2015. Diana does not elect immediate expensing under § 179. She elects additional first-year deprecation. Calculate Diana's total cost recovery deduction for 2015.
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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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