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Determine the cost recovery for the asset

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Reference no: EM132719689

Probem 1: Hazel purchased a new business asset (five-year asset) on September 30, 2018, at a cost of $100,000. On October 4, 2018, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2018. Hazel did not elect § 179 or additional first-year depreciation. On August 20, 2019, Hazel sold the asset. Determine the cost recovery for 2019 for the asset.

a.$14,250
b.$19,000
c.$23,750
d.$38,000
e.None of these choices are correct.

Reference no: EM132719689

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