George Purchases Used Seven-Year Class Property at a Cost of $200,000

question 87

Multiple Choice

George purchases used seven-year class property at a cost of $200,000 on April 20,2011.Determine George's cost recovery deduction for 2011 for alternative minimum tax purposes,assuming George does not elect § 179 and the maximum cost recovery deduction is taken for regular income tax purposes.

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

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Definitions:

Lactate Fermentation

An anaerobic metabolic pathway in which glucose is converted into cellular energy and lactate.

Intense Exercise

Physical activity that requires a high level of effort, significantly raising the heart rate and promoting cardiovascular, muscular, and endurance improvements.

Muscle Cells

Specialized cells capable of contracting and relaxing, contributing to movement and support in the body.

Aerobic Respiration

A metabolic process of energy production in cells involving oxygen to break down food molecules and produce ATP.