An asset (not an automobile) put in service in June 2018 has a depreciable basis of $2,055,000, a recovery period of 5 years, and is the only asset placed in service this year.Assuming bonus depreciation is used, a half-year convention, and the expensing election is not made, what is the maximum amount of cost that can be deducted in 2018?
A) $411,000
B) $1,411,000
C) $1,427,000
D) $2,055,000
E) None of the above
Correct Answer:
Verified
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