Multiple Choice
Pat purchased a used five-year class asset on March 15,2014,for $60,000.He did not elect § 179 expensing. Determine the cost recovery deduction for 2014 for earnings and profits purposes.
A) $2,000
B) $3,000
C) $6,000
D) $12,000
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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