Data. Inc purchased and placed in service $5,000 o office furniture on August 24, year...
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Accounting
Data. Inc purchased and placed in service $5,000 o office furniture on August 24, year 3. This is the only asset purchased during the year. Sec. 179 expensing was not elected. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the office furniture?
Recover Period 5-Year 7-Year 10-Year
1 20% 14.29% 10%
2 32% 24.49% 18%
3 19.2% 17.49% 14.4%
a. $500
b. $715
c. $875
d. $1,000
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