George purchases used sevenyear class property at a cost of $200,000 on April 20,2014.Determine George's cost recovery deduction for 2014 for alternative minimum tax purposes,assuming George does not elect § 179.
A)$2,500
B)$10,000
C)$14,280
D)$28,580
E)None of these

Question

George purchases used seven­year class property at a cost of $200,000 on April 20,2014.Determine George's cost recovery deduction for 2014 for alternative minimum tax purposes,assuming George does not elect § 179.
A)$2,500
B)$10,000
C)$14,280
D)$28,580
E)None of these

Quizplus · Accepted Answer

.1071 × $200,000 = $21,420.

George Purchases Used Seven­year Class Property at a Cost of $200,000

George Purchases Used Sevenyear Class Property at a Cost of $200,000