Question: THE ANSWER IS NOT 34,125. Exercise 8-25 (LO. 2, 3) Diana acquires, for $65,000, and places in service a 5-year class asset on December 19,

THE ANSWER IS NOT 34,125. Exercise 8-25 (LO. 2, 3) Diana

THE ANSWER IS NOT 34,125.

Exercise 8-25 (LO. 2, 3) Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2018. It is the only asset that Diana acquires during 2018. 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. Diana's total cost recovery deduction for the asset is $ X for 2018

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