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What is the maximum amount of cost that can be deducted

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Problem - An asset (not an automobile) put in service in June 2018 has a depreciable basis of $25,000 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 2018?

a. $2,500

b. $5,000

c. $6,998

d. $25,000

e. None of the above

Reference no: EM132703138

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