The MACRS basis of 5-year property acquired on March 3, 20X1 is $10,000. The property is sold on November 4, 20X2. If the half-year convention applies to personal property acquired in 20X1 and regular (accelerated) MACRS is used, depreciation expense for 20X2 is:

Question 9 options:

	$2,000.
	$1,000.
	$1,600.
	$3,200.
	$2,800.