Multiple Choice 8-7 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) An asset (not] an...
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Multiple Choice 8-7 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) An asset (not] an automobille) put in service in June 2022 has a depreciable basis of $24,000 and a recovery period of 5 years. Assuming bonus depreciation is used, halfyear eanvention and no eleletion to expense is made, what is the maximum amount of cost that can be deducted in 2022 ? (1) (1) b. $5,600 (i) 5. \$12.000 (i) d. $4,800 (i) e. \$24,000
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