Mike purchases 5-year class listed property for $3,000 during the current year. He uses the computer 40% of the time in his consulting business. Mike would like to maximize his cost recovery deduction. What is his allowable cost recovery deduction on the computer?
A)$- 0 -
B)$120
C)$180
D)$300
E)$1,200

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The Answer of Mike purchases 5-year class listed property for $3,000 during the current year. He uses the computer 40% of the time in his consulting business. Mike would like to maximize his cost recovery deduction. What is his allowable cost recovery deduction on the computer?
A)$- 0 -
B)$120
C)$180
D)$300
E)$1,200

Mike Purchases 5-Year Class Listed Property for $3,000 During the Current