Question
Bonnie Jo used two assets during the current year. The first was computer equipment with an original basis of $15,000, currently in the second year
Bonnie Jo used two assets during the current year. The first was computer equipment with an original basis of $15,000, currently in the second year of depreciation and depreciated under the half-year convention. This asset was disposed of on October 1st of the current year. The second was furniture with an original basis of $24,000, placed in service during the first quarter, currently in the fourth year of depreciation, and depreciated under the mid-quarter convention. What is Bonnie Jo's depreciation deduction for the current year? (Round final answer to the nearest whole number - no decimals.) (Use MACRS Table 1 and Table 2.)
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