Manshukh Exercise 8-23 (Algorithmic) (LO. 2, 3)Diana acquires, for $264,800, and places in service a 5-year class asset on December 19, 2023. It is the only asset that Diana acquiresduring 2023. Diana does not elect immediate expensing under § 179. She elects additional first-year deprecation.Click here to access the depreciation table to use for this problem.Calculate Diana's total cost recovery deduction for 2023.139,020$

Bonus depreciation is a tax incentive that allows businesses to deduct a larger portion of the cost…

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acquires, ТОГ $264,800

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 22CE

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Manshukh

Exercise 8-23 (Algorithmic) (LO. 2, 3)
Diana acquires, for $264,800, and places in service a 5-year class asset on December 19, 2023. It is the only asset that Diana acquires
during 2023. Diana does not elect immediate expensing under § 179. She elects additional first-year deprecation.
Click here to access the depreciation table to use for this problem.
Calculate Diana's total cost recovery deduction for 2023.
139,020
$

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