An asset (not an automobile) put in service in June 2016 has a depreciable basis of $40,000
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An asset (not an automobile) put in service in June 2016 has a depreciable basis of $40,000 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 2016?
a. $4,000
b. $20,000
c. $24,000
d. $28,000
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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