Mary purchased a new five-year class asset on March 7, 2014. The asset was listed property (not an automobile). It was used 60% for business and the rest of the time for personal use. The asset cost $90,000. Mary made the § 179 election. The income from the business before the § 179 deduction was $60,000. Mary does not take additional first-year depreciation (if available). Determine the total deductions with respect to the asset for 2014.

Mary purchased a new five-year class asset on March 7, 2014. The asset was listed property (not an automobile). It was used 60% for business and the rest of the time for personal use. The asset cost $90,000. Mary made the § 179 election. The income from the business before the § 179 deduction was $60,000. Mary does not take additional first-year depreciation (if available). Determine the total deductions with respect to the asset for 2014.

Mary purchased a new five-year class asset on March 7, 2014. The asset was listed property (not an automobile). It was used 60% for business and the rest of the time for personal use. The asset cost $90,000. Mary made the § 179 election. The income from the business before the § 179 deduction was $60,000. Mary does not take additional first-year depreciation (if available). Determine the total deductions with respect to the asset for 2014.



a. $10,800
b. $18,000
c. $30,800
d. $60,000
e. None of these


Answer: c


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