1. Which of the following properties is not in the 5-year cost recovery class under MACRS?

a. office furniture

b. light trucks

c. computers

d. automobiles

e. all of the above belong in the 5-year cost recovery class

2.The MACRS basis of 5-year property acquired on January 13, 20X1 is $10,000. The property is sold on July 31, 20x3. If the half-year convention applies to personal property acquired in 20X1 and the regular (accelerated) MACRS method is used, depreciation expense for 20X3 is:

a. $2,000

b. $1,920

c. $1,600

d. $960

e. $800