James Purchased a New Business Asset (Three-Year Personalty)on July 23,2011,at

James purchased a new business asset (three-year personalty) on July 23,2011,at a cost of $40,000.He did not elect to expense any of the asset under § 179,nor did he elect straight-line cost recovery.James elects not to take additional first-year depreciation.Determine the cost recovery deduction for 2011.

A) $8,333.
B) $16,665.
C) $33,333.
D) $41,665.
E) None of the above.