On May 5, 2012, Jill purchased equipment for $40,000 to be used in her business. She did

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On May 5, 2012, Jill purchased equipment for $40,000 to be used in her business. She did not elect to expense the equipment under Section 179 or bonus depreciation. On January 1, 2017, she sells the equipment to a scrap metal dealer. What is the cost recovery deduction for 2017?

a. $ 892.

b. $ 1,784.

c. $ 3,568 .

d. No deduction allowed.

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