Hazel purchased a new business asset (five-year property)on November 30,2010,at a cost of $100,000.This was the only asset acquired by Hazel during 2010.On January 7,2011,Hazel placed the asset in service.She did not elect to expense any of the asset cost under § 179,nor did she elect straight-line cost recovery.If Congress reenacts additional first-year depreciation for 2010,Hazel did elect not to take additional first-year depreciation.On October 25,2012,Hazel sold the asset.Determine the cost recovery for 2012.
A)$9,600.
B)$16,000.
C)$26,000.
D)$38,000.
E)None of the above.

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The Answer of Hazel purchased a new business asset (five-year property)on November 30,2010,at a cost of $100,000.This was the only asset acquired by Hazel during 2010.On January 7,2011,Hazel placed the asset in service.She did not elect to expense any of the asset cost under § 179,nor did she elect straight-line cost recovery.If Congress reenacts additional first-year depreciation for 2010,Hazel did elect not to take additional first-year depreciation.On October 25,2012,Hazel sold the asset.Determine the cost recovery for 2012.
A)$9,600.
B)$16,000.
C)$26,000.
D)$38,000.
E)None of the above.

Hazel Purchased a New Business Asset (Five-Year Property)on November 30,2010,at