Pat Purchased a Used Five-Year Class Asset on March 15,2016,for

Multiple Choice

Pat purchased a used five-year class asset on March 15,2016,for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2016 for earnings and profits purposes.

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