Pat Purchased a Used Five-Year Class Asset on March 15,2010,for

question 3

Multiple Choice

Pat purchased a used five-year class asset on March 15,2010,for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2010 for earnings and profits purposes.

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