Pat Purchased a Used Five-Year Class Asset on March 15,2015,for

question 96

Multiple Choice

Pat purchased a used five-year class asset on March 15,2015,for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2015 for earnings and profits purposes.

• A)$2,000
• B)$3,000
• C)$6,000
• D)$12,000
• E)None of the above

---

Definitions:

Malignant

A cancerous growth; tumor.

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently elevated, often leading to serious health problems.

Secondary

One step removed from the first; not primary.

Hypertension

A health condition characterized by consistently high blood pressure levels, which can lead to serious heart problems if untreated.