Barry purchased a used business asset (seven-year property) on November 30,2010,at a cost of $200,000.This is the only asset he purchased during the year.Barry did not elect to expense any of the asset under § 179,nor did he elect straight-line cost recovery.Barry sold the asset on July 17,2011.Determine the cost recovery deduction for 2011.
A) $19,133.
B) $24,490.
C) $34,438.
D) $55,100.
E) None of the above.
Correct Answer:
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