Evaluate the cost recovery

Reference no: EM13150591

Hazel purchased a new business asset (five-year property) on November 30, 2009, at a cost of $100,000. This was the only asset acquired by Hazel during 2009. On January 7, 2010, Hazel placed the asset in service. She did not elect to expense any of the asset cost under Â§ 179. On October 25, 2011, Hazel sold the asset. Determine the cost recovery for 2011.

a. $9,600.

b. $16,000.

c. $26,000.

d. $38,000.

e. None of the above.

Reference no: EM13150591

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