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

Deirdre's business purchased only one asset during the current year (a full 12-month tax year). Deirdre placed in service machinery (7-year property) on December 1 with a basis of $50,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation):

$7,145

$1,785

$10,000

$2,500

None of these

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