On July 17, 2014, Elise Purchases Office Furniture 7-Year Property)

On July 17, 2014, Elise purchases office furniture 7-year property) costing $50,000 for use in her business. She wishes to use the Section 179 election. Her taxable income before the depreciation deduction is $25,000. What is the maximum total cost recovery deduction Elise can take for the current year?

A) $7,145
B) $24,287
C) $23,573
D) $28,573
E) $29,462