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QUESTION 12 Dave purchased a used business asset (seven-year property) on September 1, 2020, at a cost of $200,000. This is the only asset he

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QUESTION 12 Dave purchased a used business asset (seven-year property) on September 1, 2020, at a cost of $200,000. This is the only asset he purchased during the year. Dave did not clect to cyperse any of the asset under $ 179, did not claim additional first-your depreciation, and did not let straight-linc coat recovery. Deve sold the asect on July 17, 2022. Determine the cost recovery deduction for 2022. O a $17,490 b. $24,490 O 34,980 d. $55,100 e. None of the above QUESTION 13 Nancy purchased a factory building on April 15, 1995, for $5,000,000. She sells the factory building on February 2, 2020. Determine the cost recovery deduction for the year of the sale. a $16,025 b. $19,838 OC $112,175 O d. $158,750 e. None of the above

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