On May 15, 2014, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first year depreciation (if available). Determine the cost recovery deduction for 2014.

On May 15, 2014, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first year depreciation (if available). Determine the cost recovery deduction for 2014.

On May 15, 2014, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first year depreciation (if available). Determine the cost recovery deduction for 2014.



a. $12,852
b. $21,420
c. $30,000
d. $36,000
e. None of these


Answer: b


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