An asset is purchased on May 15, 2015, for $100,000. The full 10 percent investment credit of $10,000 is taken on the asset. On June 23, 2019, a Code Sec. 108 election is made to exclude gain arising from the discharge of business indebtedness in the amount of $7,000. What is the amount of investment credit recapture?

See Panhandle Eastern Pipe Line Co. &

Affiliates, 81-2 ustc 99496, 654 F.2d 35 (Ct C is 1981).