Hazel Purchased a New Business Asset (Five-Year Asset) on September

Multiple Choice

Hazel purchased a new business asset (five-year asset) on September 30,2015,at a cost of $100,000.On October 4,2015,Hazel placed the asset in service.This was the only asset Hazel placed in service in 2015.Hazel did not elect § 179 or additional first-year depreciation if available.On August 20,2016,Hazel sold the asset.Determine the cost recovery for 2016 for the asset.

A) $14,250
B) $19,000
C) $23,750
D) $38,000
E) None of the above