Question: Answer is NOT 65,000, 71,500 , or 72,000 Exercise 8-23 (LO. 2, 3) Diana acquires, for $65,000, and places in service a 5-year class asset

Answer is NOT 65,000, 71,500 , or 72,000

Exercise 8-23 (LO. 2, 3) Diana acquires, for $65,000, and places in service a 5-year class asset on December 19,2023 . It is the only asset that Diana acquires during 2023. Diana does not elect immediate expensing under 179. She elects additional first-year deprecation. Click here to access the depreciation table to use for this problem. Calculate Diana's total cost recovery deduction for 2023. x

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