Barry Purchased a Used Business Asset (Seven-Year Property) on September

question 46

Multiple Choice

Barry purchased a used business asset (seven-year property) on September 30,2015,at a cost of $200,000.This is the only asset he purchased during the year.Barry did not elect to expense any of the asset under § 179,did not take additional first-year depreciation (if available) ,and did not elect straight-line cost recovery.Barry sold the asset on July 17,2016.Determine the cost recovery deduction for 2016.

• A)$19,133
• B)$24,490
• C)$34,438
• D)$55,100
• E)None of the above