Question: November 1 5 , 2 0 2 2 , at a cost of $ 1 0 0 , 0 0 0 . This was the

November 15,2022, at a cost of $100,000. This was the only asset placed in service in 2022. Jordan did not elect to take Section 179 or additional first year depreciation on this item. On July 15,2023, he sold the asset. Determine the cost recovery for 2023 for thisJordan purchased and placed into service a new business asset (seven-year property) on November 15,2022, at a cost of $100,000. This was the only asset placed in service in 2022. Jordan did not elect to take Section 179 or additional first year depreciation on this item. On July 15,2023, he sold the asset. Determine the cost recovery for 2023 for this asset.

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