Bonnie Purchased a New Business Asset (Five-Year Property) on March

Multiple Choice

Bonnie purchased a new business asset (five-year property) on March 10, 2017, at a cost of $30,000. She also purchased a new business asset (seven-year property) on November 20, 2017, at a cost of $13,000. Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Bonnie takes additional first-year depreciation. Determine the cost recovery deduction for 2017 for these assets.

A) $5,858
B) $7,464
C) $9,586
D) $19,429
E) None of the above