George purchases used seven-year class property at a cost of $200,000 on April 20, 2017 . Determine George's cost recovery deduction for 2017 for alternative minimum tax purposes, assuming George does not elect § 179 and does not take additional first-year depreciation
a. $2,500
b. $10,000
c. $14,280
d. $28,580
e. None of the above
e
RATIONALE: .1071 × $200,000 = $21,420.
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