Electing straight-line cost recovery

Reference no: EM13142456

James purchased a new business asset (three-year property) on July 23, 2009, at a cost of $50,000. He did not elect to expense any of the asset under § 179, nor did he elect straight-line cost recovery. Determine the cost recovery deduction for 2009.

A) $8,333.

B) $16,665.

C) $33,333.

D) $41,665.

E) None of the above.

Reference no: EM13142456

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