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Business, 15.11.2019 07:31 21ghostrider21

Hazel purchased a new business asset (five-year asset) on september 30, 2017, at a cost of $100,000. on october 4, 2017, hazel placed the asset in service. this was the only asset hazel placed in service in 2017. hazel did not elect § 179 or additional first-year depreciation. on august 20, 2018, hazel sold the asset. determine the cost recovery for 2018 for the asset.
a. $14,250
b. $19,000
c. $23,750
d. $38,000
e. none of the above

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