On May 15, 2012, Brent purchased new farm equipment for $120,000.Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first-year depreciation.Determine the cost recovery deduction for 2012.
A) $12,852.
B) $18,000.
C) $24,000.
D) $30,000.
E) None of the above.
Correct Answer:
Verified
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