What is the adjusted basis of of the assets, Taxation

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What is the adjusted basis of of the assets

Problem

A taxpayer places a $50,000 5-year recovery period asset (not an auto) in service in 2021. This is the only asset placed in service in 2021. Assuming half-year convention, no immediate expensing, what is the adjusted basis of of the assets after applying 2021 bonus depreciation?

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Taxation: What is the adjusted basis of of the assets

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Taxation: What is the adjusted basis of of the assets

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