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What is the maximum amount of cost that can be deducted

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Reference no: EM132676034

Problem - An asset (not an automobile) put in service in June 2019 has a depreciable basis of $30,000 and a recovery period of 5 years. Assuming half-year convention, no bonus depreciation, and no election to expense is made, what is the maximum amount of cost that can be deducted in 2019?

a. $2,500

b. $5,000

c. $6,000

d. $30,000

e. None of the above

Reference no: EM132676034

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