(Answered) Question - martin is a sole proprietor of a business on

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Question - Martin is a sole proprietor of a business. On March 4, 2014, Martin purchased and placed in service new seven- year class assets costing $56,000. Martin's business has income for the year, before any deductions associated with the purchased assets, of $16,000. Martin also has $3,000 of interest income for the year which is not related to the business. Martin wants his adjusted gross income for the year to be as low as possible. With this objective in mind, determine how Martin should recover the cost of the acquired assets.

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