Hazel Purchased a New Business Asset (Five-Year Asset) on September

question 74

Multiple Choice

Hazel purchased a new business asset (five-year asset) on September 30, 2012, at a cost of $100,000. On October 4, 2012, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2012. The only election with respect to the asset was not to take § 179. On August 20, 2013, Hazel sold the asset. Determine the cost recovery for 2013 for the asset.

• A)$9,600.
• B)$11,875.
• C)$23,750.
• D)$38,000.
• E)None of the above.

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