An asset (not an automobile) put in service in June 2012 has a depreciable basis of $35,000 and a recovery…
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 ?