Krol Corp., a calendaryear taxpayer, purchased used furniture and fixtures for use in its business and placed the property in service on November 1, Year 9. The furniture and fixtures cost $56,000 and represented Krol's only acquisition of depreciable property during the year. Krol did not elect to expense any part of the cost of the property under Sec. 179 or to use bonus depreciation. 

What is the amount of Krol Corp.'s depreciation deduction for the furniture and fixtures under the Modified Accelerated Cost Recovery System (MACRS) for Year 9?  

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To calculate the depreciation deduction for the furniture and fixtures under the Modified Accele... View the full answer