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Sara purchased the following assets during the year. Asset Cost Equipment (7 year property) 150,000 Computers (5 year property) 13,000 Land 1,500,000 Warehouse 7,500,000 Office
Sara purchased the following assets during the year. Asset Cost Equipment (7 year property) 150,000 Computers (5 year property) 13,000 Land 1,500,000 Warehouse 7,500,000 Office Furn. (7 year property) 20,000 Date Purchased 3/1/17 7/9/17 10/20/17 10/20/17 11/29/17 What is the depreciation expense for the office furniture for the year 2017? (exclude any Section 179 deduction or bonus depreciation]? A $714 OB. $2,858 OC $238 OD. $351 OE $20,000
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