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, 2012, 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, nor did he elect straight-line cost recovery.Barry sold the asset on July 17, 2013.Determine the cost recovery deduction for 2013.

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