Question: Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3. This is the only asset purchase during the year. Section

Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3. This is the only asset purchase during the year. Section 179 expensing was not elected. The computer was sold during year 5. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 5 for the computer?

Recovery Period	5-Year	7-Year	10-Year
1	20%	14.29%	10%
2	32%	24.49%	18%
3	19.2%	17.49%	14.4%

$360
$437
$480
$960

The correct answer is $480, I want the steps to arrive at $480.

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