4. Calendar year Corp. A purchases and places in service five-year property costing $40,000 on March 11, 2021. Corp. A estimates that the salvage value is $5,000. Assume that Corp. A opts not to take advantage of the IRC Sec. 179 deduction or bonus depreciation and that the mid quarter convention applies to all five-year property placed in service during 2021. What depreciation deduction will Corp. A claim for 2021 ? A. $5,720 B. 14,000 C. 8,750 D. 11,900 E. None of the above Calendar year Corp. A purchased and placed in service a machine (7-year asset) costing $307,000 on May 12, 2018. Corp. A sold the property on September 3, 2021. What amount of depreciation expense with respect to the machine will Corp. A claim for 2021? Assume that the machine was the only fixed asset acquired and placed in service during 2018. A. $26,850 B. 0 C. 53,690 D. 10,000 E. None of the above 4. Calendar year Corp. A purchases and places in service five-year property costing $40,000 on March 11, 2021. Corp. A estimates that the salvage value is $5,000. Assume that Corp. A opts not to take advantage of the IRC Sec. 179 deduction or bonus depreciation and that the mid quarter convention applies to all five-year property placed in service during 2021. What depreciation deduction will Corp. A claim for 2021 ? A. $5,720 B. 14,000 C. 8,750 D. 11,900 E. None of the above Calendar year Corp. A purchased and placed in service a machine (7-year asset) costing $307,000 on May 12, 2018. Corp. A sold the property on September 3, 2021. What amount of depreciation expense with respect to the machine will Corp. A claim for 2021? Assume that the machine was the only fixed asset acquired and placed in service during 2018. A. $26,850 B. 0 C. 53,690 D. 10,000 E. None of the above