An asset (not an automobile) put in service in June 2017 has a depreciable basis of $535,000 and a recovery period of 5 years.Assuming bonus depreciation is used,a half-year convention,and no expensing election,what is the maximum amount of cost that can be deducted in 2017?
A) $107,000
B) $267,500
C) $321,000
D) $374,500
E) $535,000
Correct Answer:
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