Augie Purchased One New Asset During the Year (Five-Year Property)

question 55

Multiple Choice

Augie purchased one new asset during the year (five-year property) on November 10,2015,at a cost of $650,000.She would like to use the § 179 election and will also take additional first-year depreciation,if available.The income from the business before the cost recovery deduction and the § 179 deduction was $600,000.Determine the total cost recovery deduction with respect to the asset for 2015.

• A)$22,500
• B)$154,550
• C)$500,000
• D)$600,700
• E)None of the above

---

Definitions:

Chest Radiograph

An X-ray image of the chest used to evaluate the lungs, heart, and chest wall.

Do-not-resuscitate Order

A medical order to withhold cardiopulmonary resuscitation (CPR) or advanced cardiac life support (ACLS) in the event of cardiac or respiratory arrest.

Airway Obstruction

A blockage in the breathing passages that can be partial or complete, posing a serious risk to the affected individual.

Cardiopulmonary Arrest

A medical emergency characterized by the cessation of both heart and lung function.