Bonnie Purchased a New Business Asset (Five-Year Property) on March

Multiple Choice

Bonnie purchased a new business asset (five-year property) on March 10, 2018, at a cost of $30,000. She also purchased a new business asset (seven-year property) on November 20, 2018, at a cost of $13,000. Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Bonnie takes additional first-year depreciation. Determine the cost recovery deduction for 2018 for these assets.

A) $7,858
B) $9,586
C) $21,915
D) $43,000
E) None of the above