In September 2021, Callie acquired an asset for $20,000 to use in her business. The asset is classified as 5-year property under MACRS. In October, Callie acquired an asset for $15,000 to use in her business. The asset is classified as 5-year property under MACRS. Callie does not expense any property under Sec. 179 or bonus depreciation. Callie's depreciation for 2021 is: A) $12,000 B)$5,000 C)$7,000 D)$3,750

Paul bought a computer (5 year property) for $15,000 for business use on March 18, 2019. This was his only purchase for that year. Paul used the most accelerated depreciation method available, but did not utilize Sec. 179 or bonus depreciation. Paul sells the computer in 2021. The depreciation on the computer for 2021 is: A)2880 B)1440 C)0 D)1500

In February 2021, Patricia acquired a new, lightweight, electric passenger car costing $72,000. She used the car 75% in her sole proprietorship business. Assuming Section 179 does not apply, but bonus depreciation does apply, Patricia's maximum depreciation deduction allowable for the passenger car in 2021 will be: A)14,400 B)10,800 C)13,650 D)72,000