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An asset (not an automobile) put in service in June 2022 has a depreciable basis...

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Accounting

An asset (not an automobile) put in service in June 2022 has a depreciable basis of $87,000 and a recovery period of 5 years. It is the only asset placed in service this year. Assuming bonus depreciation is used, a half-year convention, and the expensing election is made, what is the maximum amount of cost that can be deducted in 2022 (assume no income limitation)? a. $43,500 b. $8,700 c. $17,400 d. $87,000

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