35. A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This...
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35. A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, no bonus depreciation, an election to expense under Section 179, and taxable income after all deductions except Section 179 of $5,000, what is the amount of Section 179 immediate expensing?
a.$25,000
b.$50,000
c.$30,000
d.$5,000
e.$0
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