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Augie purchased one new asset during the year (five-year property) on November 10, 2019, at a cost of $660,000. She would like to use the

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Augie purchased one new asset during the year (five-year property) on November 10, 2019, at a cost of $660,000. She would like to use the 5 179 election and will also take additional first-year depreciation. The income from the business before the cost recovery deduction and the 5 179 deduction was $600,000. Determine the maximum cost recovery deduction available on this asset for 2019, Oa. $30,500 Ob. $600,000 c. $580,200 Od. $660,000

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