Carl LLC purchased two assets during the current year. Carl placed in service computer equipment (5-year property) on October 16 with a basis of $15,000 and furniture (7-year property) on May 15 with a basis of $11,000. Assuming Carl using 200% declining method for depreciation. Calculate the depreciation expense (cost recovery) for both personal assets in year 1, rounding to a whole number: TABLE MACES Hall wear Convention Depreciation Rate for Recovery Period Mid-Quarter Depreciation Table for Personal Property by Quarter Placed in Service and Recovery Period (Excerpts from Rex Proc. 87-57) Festarter T 1 T S TISTS 17.85% 2143 00 & 15:31 18.00 16.75