Bhaskar Purchased a New Factory Building and Land on September

Multiple Choice

Bhaskar purchased a new factory building and land on September 10, 2018, for $3,700,000. ($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS) . Determine the cost recovery deduction for 2019.

A) $23,328
B) $80,000
C) $82,048
D) $92,500
E) None of the above