In $[$Year $1][,]$ T$,$ a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $$700,000($excluding the land$)$ on March $15.$ T also purchased new office furniture for the building. The furniture was acquired for $$200,000$ on May $1.$ Compute MACRS depreciation. Ignore first$-$year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

$9-31($a$)$ Compute T$$s depreciation deduction for $[$Year $1].$

$($a$)-$ Furniture $-$ Formula Method

Please enter T$\text{'}$s depreciation deduction for the Furniture for the first year using the Formula method $($rounded to the nearest cent$)$