Bhaskar Purchased a New Factory Building on September 10,2014,for $3,700,000

Multiple Choice

Bhaskar purchased a new factory building on September 10,2014,for $3,700,000.Five hundred thousand of the purchase price was allocated to the land.He elected the alternative depreciation system (ADS) .Determine the cost recovery deduction for 2015.

A) $23,328
B) $80,000
C) $82,048
D) $92,500
E) None of these