James purchased a new business asset (three-year) on July 23, 2010, at a cost of $50,000. He did not elect to expense any of the asset under § 179, nor did he elect straight-line cost recovery. James did elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2010.
a) $8,333.
b) $16,665.
c) $33,333.
d) $41,665.
e) None of the above.