Multiple Choice
Barry purchased a used business asset (seven-year property) on September 30,2014,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 (if available) ,and did not elect straight-line cost recovery.Barry sold the asset on July 17,2015.Determine the cost recovery deduction for 2015.
A) $19,133
B) $24,490
C) $34,438
D) $55,100
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
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