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

question 97

Multiple Choice

Augie purchased one used asset during the year (five-year property) on November 10,2010,at a cost of $400,000.She made the § 179 election.The income from the business before the cost recovery deduction and the § 179 deduction was $100,000.Determine the total cost recovery deduction with respect to the asset for 2010.

• A)$7,500.
• B)$92,500.
• C)$100,000.
• D)$250,000.
• E)None of the above.

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