Augie purchased one used asset during the year (five-year property) on November 10, 2010, at a cost of $400,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $100,000. Determine the total cost recovery deduction with respect to the asset for 2010.
a) $7,500.
b) $92,500.
c) $100,000.
d) $250,000.