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Question - Hazel purchased a new business asset (five Year asset) on sept 30, 2013. At a cost of 100,000. ON October 4, 2013, Hazel placed the asset in service. This was only asset hazel placed in service in 2013. The only election with respect to the asset was not to take 179. ON Aug 20, 2014. Hazel sold the asset. Determine the cost recovery for 2014 for the asset?

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