Problem 8-33 (c) (LO. 2) Marlena acquired the following new assets during 2020:

Data	Asset	Cost
April 30	Computers	$22,000
August 1	Automobile (GVW rating of over 6,000 pounds)	$38,000
December 30	Office furniture	100,000

Marlena does not elect additional first-year depreciation for 2020. However, she does elect 179 for only the office furniture.

If required, round your answers to the nearest dollar. Click here to access the depreciation table to use to complete this problem.

a. What MACRS convention applies to the assets? Half-year

b. What class of property is each asset for MACRS? Office furniture, seven-year; automobile, five-year; computers, five-year

c. The cost recovery for the current year is:

Computers: $4,400

Automobile: $7,600

Office furniture: $0 x is wrong answer