Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2019. It
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Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2019. It is the only asset that Diana acquires during 2019. Diana does not elect immediate expensing under § 179. She elects additional first-year deprecation. Calculate Diana’s total cost recovery deduction for 2019.
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Additional firstyear depreciation is taken in the year in which the qualify...View the full answer
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Related Book For 
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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