On July 10, 2008, Test Corporation Purchased Energy Equipment for $15,000

On July 10, 2008, Test Corporation purchased energy equipment for $15,000. The equipment has a 5-year cost recovery period. The corporation took the appropriate investment credit for 2008. On August 15, 2012, the corporation sold the asset for $10,000. What is the amount of investment credit recapture that is due to the IRS?

A) $300
B) $900
C) $1,000
D) $1,500
E) None of the above