Question: Exercise 8 - 2 3 ( Algorithmic ) ( LO . 2 , 3 ) Diana acquires, for ( $ 2 4 0

Exercise 8-23(Algorithmic)(LO.2,3)
Diana acquires, for \(\$ 240,800\), and places in service a 5-year class asset on December 19,2024. It is the only asset that Diana acquires during 2024. Diana does not elect immediate expensing under \(\S \)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 2024.
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Exercise 8-23(Algorithmic)(LO.2,3) Diana acquires, for \(\$ 240,800\), and places in service

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