Diana Acquires For 65 000 And Places In Service A 5 Year Class Asset On Dec 19th

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Diana acquires, for $65,000, and places in service a 5-year class asset on Dec. 19th, 2015. It is only asset that Diana acquires during 2015. Diana does not elect immediate expensing under section 179. She elects additional first-year depreciation. Calculate Diana’s total cost recovery deduction for 2015.

Diana acquires, for $65,000, and places in service a 5-year class asset on Dec. 19th, 2015. It is only asset thatDiana acquires during 2015. Diana does not elect immediate expensing under section…