Bonnie purchased a new business asset (five-year property) on march 10, 2017, at a cost of $30,000. she also purchased a new business asset (seven-year property) on november 20, 2017, at a cost of $13,000. bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. bonnie takes additional first-year depreciation. determine the cost recovery deduction for 2017 for these assets.
a. $5,858
b. $7,464
c. $9,586
d. $19,429
e. none of the above
Answers: 2
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Bonnie purchased a new business asset (five-year property) on march 10, 2017, at a cost of $30,000....
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