Learn 60 61 59 58 57 56 55 52 5354 5051 Finish attempt Time left 2:11:53 Question 15 Not yet answered Marked out of 1.00 P Flag question Timberco purchased new office furniture on 5/12/2018 for $4000. It was the only asset purchased that year. It sold the office furniture on 8/14/2020. Timberco did not elect Section 179 or bonus depreciation in 2018. What is the amount of depreciation for 2020? Answer: Previous page