Table $1$ MACRS Half$-$Year Convention

Dax $($calendar year end taxpayer$)$ purchased only one asset during the current year. He placed in service equipment $(7-$year property$)$ on September $10$ with a basis of $$40,000.$ Calculate the maximum depreciation expense $($ignoring $$179$ and bonus depreciation$).($Use MACRS:Table $1$:$)$

Multiple Choice

$$0$

$$1,428$

$$5,716$

$$16,000$

$\backslash$table$[[$Depreciation Rate for Recovery Period$],[,3-$Year,$5-$Year,$7-$Year,$10-$Year,$15-$Yea,$20-$Yea$],[$Year $1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%,10\mathrm{.}00\%,5\mathrm{.}00\%,3\mathrm{.}750$