Question: Exercise 8-23 (Algorithmic) (LO. 2, 3) Diana acquires, for $180,800, and places in service a 5-year class asset on December 19, 2020. It is the

Exercise 8-23 (Algorithmic) (LO. 2, 3) Diana acquires, for $180,800, and places in service a 5-year class asset on December 19, 2020. It is the only asset that Diana acquires during 2020. 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 2020. Feedback Check My Work Additional first-year depreciation (also referred to as bonus depreciation) allows taxpayers to take an additional amount of cost recovery in the year qualified property is placed in service

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