Mary purchased a new five-year class asset on March 7, 2012.The asset was listed property (not an automobile).It was used 60% for business and the rest of the time for personal use.The asset cost $600,000.Mary made the § 179 election.The income from the business before the § 179 deduction was $400,000.Mary does take additional first-year depreciation. Determine the total deductions with respect to the asset for 2012.
A)$72,000.
B)$250,000.
C)$272,000.
D)$360,000.
E)None of the above.

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The Answer of Mary purchased a new five-year class asset on March 7, 2012.The asset was listed property (not an automobile).It was used 60% for business and the rest of the time for personal use.The asset cost $600,000.Mary made the § 179 election.The income from the business before the § 179 deduction was $400,000.Mary does take additional first-year depreciation. Determine the total deductions with respect to the asset for 2012.
A)$72,000.
B)$250,000.
C)$272,000.
D)$360,000.
E)None of the above.

Mary Purchased a New Five-Year Class Asset on March 7