Answer:
The correct answer is $30,290.
Explanation:
According to the scenario, the computation can be done as follows:
This applies regular MACRs
So, As furniture is the Seven year property,
So, the cost recovery deduction for the furniture = $100,000 × .1429
= $14,290
And The computer is a five year asset
So, the cost recovery deduction for the Computer = $80,000 × .20
= $16,000
So, Total Cost recovery deduction = Cost of recovery deduction for furniture + cost of recovery deduction for computer
= $14,290 + $16,000
= $30,290
Hence, the cost recovery deduction for the business assets for 2019 is $30,290.
