Mary Purchased a New Five-Year Class Asset on March 7

Multiple Choice

Mary purchased a new five-year class asset on March 7, 2012.The asset was listed property (not an automobile) .It was used 60% for business and the rest of the time for personal use.The asset cost $600,000.Mary made the § 179 election.The income from the business before the § 179 deduction was $400,000.Mary does take additional first-year depreciation. Determine the total deductions with respect to the asset for 2012.

A) $72,000.
B) $250,000.
C) $272,000.
D) $360,000.
E) None of the above.