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, 2017, at a cost of $100,000. On October 4, 2017, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2017. Hazel did not elect § 179 or additional first-year depreciation. On August 20, 2018, Hazel sold the asset. Determine the cost recovery for 2018 for the asset.

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