On May 15, 2012, Brent Purchased New Farm Equipment for $120,000.Brent

Multiple Choice

On May 15, 2012, Brent purchased new farm equipment for $120,000.Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first-year depreciation.Determine the cost recovery deduction for 2012.

A) $12,852.
B) $18,000.
C) $24,000.
D) $30,000.
E) None of the above.