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Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7-year property) on December 1

Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7-year property) on December 1 with a basis of $64,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (UseMACRS Table 2)

Multiple Choice

  • $12,800.
  • None of the choices are correct.
  • $3,200.
  • $2,285.
  • $9,145.

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