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On June 25, 20x1, a taxpayer places in service 5-year listed property that cost $10,000....

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Accounting

On June 25, 20x1, a taxpayer places in service 5-year listed property that cost $10,000. The taxpayer uses the property 65% for business during 20x1 and depreciates the property using regular (accelerated) MACRS. No section 179 or bonus depreciation was taken on the property. During 20x2, the taxpayer's business usage drops to 40%. The taxpayer's depreciation expense for the property in 20x2 is: 1) $2,000 2)$1,300 3)$2,080 4)$800 5)$3,200

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