A taxpayer places a $50,000 5-year recovery period asset in service in 2018.This is the only asset placed in service in 2018.Assuming half-year convention, no election to expense and no income limitation, what is the amount of total cost recovery deduction?

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The Answer of A taxpayer places a $50,000 5-year recovery period asset in service in 2018.This is the only asset placed in service in 2018.Assuming half-year convention, no election to expense and no income limitation, what is the amount of total cost recovery deduction?

A Taxpayer Places a $50,000 5-Year Recovery Period Asset in Service