Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3- This is

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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. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the computer?5-Year 7-Year 10-Year Recovery Period 1 20% 14.29% 10% 18% 32% 24.49% 19.2% 17.49% 14.4%

a. $500

b. $715 

c. $960

d. $1,000

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South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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