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On April 5, 2016, Mr. Whatshisname purchased office furniture costing $ 10,000.The furniture has life of 10 years and is a 7 year property under
On April 5, 2016, Mr. Whatshisname purchased office furniture costing $ 10,000.The furniture has life of 10 years and is a 7 year property under MACRS rules. He did not elect a section 179 deduction or bonus depreciation . What is the maximum amount of depreciation for 2018?
a. $ 1,429
b. $ 1,440
c. $ 1,676
d. $ 1,749
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