On June 1,2010,Sam purchased new farm machinery for $50,000.Sam used the machinery in connection with his farming business.Sam does not elect to expense assets under § 179.Sam has,however,made an election to not have the uniform capitalization rules apply to the farming business.If Congress reenacts additional first-year depreciation for 2010,Sam does elect not to take additional first-year depreciation.Determine the cost recovery deduction for 2010.
A)$5,000.
B)$7,500.
C)$10,000.
D)$12,500.
E)None of the above.

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The Answer of On June 1,2010,Sam purchased new farm machinery for $50,000.Sam used the machinery in connection with his farming business.Sam does not elect to expense assets under § 179.Sam has,however,made an election to not have the uniform capitalization rules apply to the farming business.If Congress reenacts additional first-year depreciation for 2010,Sam does elect not to take additional first-year depreciation.Determine the cost recovery deduction for 2010.
A)$5,000.
B)$7,500.
C)$10,000.
D)$12,500.
E)None of the above.

On June 1,2010,Sam Purchased New Farm Machinery for $50,000