An asset (not an automobile) put in service in June 2019 has a depreciable basis of $30,000 and a recovery period of 5 years. Assuming half-year convention, no bonus depreciation, and no election to expense is made, what is the maximum amount of cost that can be deducted in 2019?

$6,000

Explanation:

depreciable basis $30,000

recovery period 5 years

using the MACRS table for half year convention, 200% declining balance, the depreciation expense per year:

year             depreciation %             depreciation expense

1                          20%                                  $6,000

2                         32%                                  $9,600

3                         19.20%                              $5,760

4                         11.52%                               $3,456

5                         11.52%                               $3,456

6                         5.76%                                $1,728

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