asset not automobile put service june 2012 has depreciable basis 35000 and recovery 0
An asset (not an automobile) put in service in June 2012 has a depreciable basis of $35,000 and a recovery period of 5 years. Assuming no election to expense is made, and no bonus depreciation taken, what is the maximum amount of cost that can be deducted in 2012 ?
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