Bhaskar purchased a new factory building on September 10, 2014, for $3,700,000. Five hundred thousand of the purchase price was allocated to the land. He elected the alternative depreciation system (ADS). Determine the cost recovery deduction for 2015.
a. $23,328
b. $80,000
c. $82,048
d. $92,500
e. None of these
Answer: b