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Augie purchased one used asset during the year (five-year property) on November 10, 2010, at a cost of $400,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $100,000. Determine the total cost recovery deduction with respect to the asset for 2010.

a) $7,500.

b) $92,500.

c) $100,000.

d) $250,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964616

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