(Answered) Question - bonnie purchased a new business asset five-year

Accounting

Question - Bonnie purchased a new business asset (five-year property) on March 10, 2007, at a cost of $20,000. She also purchased a new business asset (seven-year property) on November 20, 2007, at a cost of $13,000. Bonnie did not elect to expense either of the assets under Â§ 179, nor did she elect straight-line cost recovery. Determine the cost recovery deduction for 2007 for these assets.

a. $5,858.

b. $7,464.

c. $9,586.

d. $12,333.

e. None of the above.

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