George Purchases Used Seven­year Class Property at a Cost of $200,000

question 5

Multiple Choice

George purchases used seven­year class property at a cost of $200,000 on April 20,2014.Determine George's cost recovery deduction for 2014 for alternative minimum tax purposes,assuming George does not elect § 179.

• A)$2,500
• B)$10,000
• C)$14,280
• D)$28,580
• E)None of these