Howard's Business Is Raising and Harvesting Peaches

Multiple Choice

Howard's business is raising and harvesting peaches.On March 10, 2012, Howard purchased 10,000 new peach trees at a cost of $60,000.Howard does not elect to expense assets under § 179.If eligible, Howard takes additional first-year depreciation. Determine the cost recovery deduction for 2012.

A) $0.
B) $3,000.
C) $31,500.
D) $60,000.
E) None of the above.