4. The Andersons are contemplating the purchase of furniture for the condominium. They are thinking that the property would command a higher rental price if it were furnished. They estimate that the furniture would cost $21,000 and delivery and setup would equal $3,000. There are four methods for depreciating personalty, listed below. For each, briefly discuss the method, and calculate the depreciation for the first two years.

a. MACRS table

b. Straight-line method

c. Section 179

d. Bonus depreciation