Augie purchased one used asset during the year (five-year property) on November 10,2011,at a cost of $650,000.She made the § 179 election.The income from the business before the cost recovery deduction and the § 179 deduction was $400,000.Determine the total cost recovery deduction with respect to the asset for 2011.
A) $7,500.
B) $92,500.
C) $392,500.
D) $500,000.
E) None of the above.
Correct Answer:
Verified
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