7. William used the following assets in his Schedule C trade or business in the tax year 2019: Asset Cost Date Purchased Date Sold Business Use % 5/15/2019 Computer 5 year Equipment 7 year Furniture 7 year 5/5/2015 12/1/2017 4/15/2017 100% $ 100% $ 80% $ 7.000 30,000 9,000 Calculate the total amount of depreciation allowance for the year 2019