Basics of cost recovery deduction

Reference no: EM13142438

On May 15, 2009, Brent purchased new farm equipment for $40,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2009.

A) $4,000.

B) $6,000.

C) $8,000.

D) $10,000.

E) None of the above.

Reference no: EM13142438

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