Multiple Choice
Pat purchased a used five-year class asset on March 15, 2012, for $60,000.He did not elect § 179 expensing.Determine the cost recovery deduction for 2012 for earnings and profits purposes.
A) $2,000.
B) $3,000.
C) $6,000.
D) $12,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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