Question: Exercise 8-23 (Algorithmic) (Lo. 2, 3) Diana acquires, for $262,400, and places in service a 5 -year class asset on December 19,2023 . It is
Exercise 8-23 (Algorithmic) (Lo. 2, 3) Diana acquires, for $262,400, 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
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