Barry Purchased a Used Business Asset (Seven-Year Property) on September

Multiple Choice

Barry purchased a used business asset (seven-year property) on September 30, 2017, at a cost of $200,000. This is the only asset he purchased during the year. Barry did not elect to expense any of the asset under § 179, did not take additional first-year depreciation, and did not elect straight-line cost recovery. Barry sold the asset on July 17, 2018. Determine the cost recovery deduction for 2018.

A) $19,133
B) $24,490
C) $34,438
D) $55,100
E) None of the above