Pat Purchased a Used Five-Year Class Asset on March 15,2015,for

question 96

Multiple Choice

Pat purchased a used five-year class asset on March 15,2015,for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2015 for earnings and profits purposes.

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

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Definitions:

Sexual Abuse

Involves forced or unwanted sexual activity or behavior, often using coercion, manipulation, or physical force, by one person onto another.

Mastectomy

A surgical operation to remove one or both breasts, partially or completely, often to treat or prevent breast cancer.

Extramarital Affair

A romantic relationship one engages in outside of their marriage without the consent of their spouse.