24. James purchased a new business asset (three-year personalty) on July 23, 2021, at a cost of $40,000. James takes additional first-year depreciation but does not elect $179 expense on the asset. Determine the cost recovery deduction for 2021. a. $26,666 b. $8,333 c. $40,000 d. $33,333 e. None of these choices are correct. 25. Alice purchased office furniture on September 20, 2020, for $100,000. On October 10, 2020, she purchased business computers for $80,000. Alice placed all of the assets in service on January 15, 2021. Alice did not elect to expense any of the assets under $179, did not elect straight-line cost recovery, and did not take additional first-year depreciation. Determine the cost recovery deduction for the business assets for 2021. a. $6,426 b. $30,290 c. $25,722 d. $14,710 e. None of these choices are correct.