Emma's Cupcake Shop bought 7-year property furniture in February of Year 1 and sold it in May of Year 3. The original cost of the furniture was $13,200. Assuming Emma is using the MACRS half-year convention for the furniture, her depreciation deduction in the year of sale will be Year 1 2. 3 5 yr 20.00 32.00 19.20 7 yr 14,20 24.49 17.49