On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation expense for the current year (ignoring 179 and bonus depreciation). (Use MACRS Table 1.) Note: Round final answer to the nearest whole number. Group of answer choices $15,717 $62,876 31,438 $40,125 None of the choices are correct.