Beth's business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven-year property) with a basis of $56,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2.) (Round final answer to the nearest whole number.)

Multiple Choice

• $1,999

• $8,001

• None of the choices are correct.

• $2,800

• $11,200