Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2022. It
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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2022. It is the only asset that Diana acquires during 2022. Diana does not elect immediate expensing under § 179. She elects additional firstyear deprecation. Calculate Diana’s total cost recovery deduction for 2022.
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South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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