On July 17, 2018, Elise Purchases Office Furniture (7-Year Property)

On July 17, 2018, Elise purchases office furniture (7-year property) costing $50,000 for use in her business. She wishes to use the Section 179 election but does not elect to use bonus depreciation. Her taxable income before the Section 179 depreciation deduction is $25,000. What is the maximum total cost recovery deduction Elise can take for the current year?

A) $7,145
B) $24,287
C) $23,573
D) $28,573
E) $29,462