A taxpayer places a $50,000 5-year recovery period asset in service in 2020. This is the only asset placed in service in 2020. Assuming half-year convention and an election to expense under Section 179 (no bonus depreciation), and taxable income after all deductions except Section 179 of $5,000, what is the amount of Section 179 immediate expensing? a.$50,000 b.$5,000 c.$0 d.$30,000 e.$25,000

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