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Data, Inc., purchased and placed in service $5,000 of office furniture on August 24, year 3. This is the only asset purchase during the year.
Data, Inc., purchased and placed in service $5,000 of office furniture on August 24, year 3. This is the only asset purchase during the year. Section 179 expensing was not elected. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the office furniture? year 3 for computer? year 5 for computer?
Recovery Period | 5-Year | 7-Year | 10-Year |
---|---|---|---|
1 | 20% | 14.29% | 10% |
2 | 32% | 24.49% | 18% |
3 | 19.2% | 17.49% | 14.4% |
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