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Pat Purchased a Used Five-Year Class Asset on March 15,2015,for

Question 96

Multiple Choice

Pat purchased a used five-year class asset on March 15,2015,for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2015 for earnings and profits purposes.


A) $2,000
B) $3,000
C) $6,000
D) $12,000
E) None of the above

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