Transcribed image text: Becker CPA Review 8-4 Data, Inc., purchased and placed in service $5,000 of office furniture on August 24, year 3. This is the only asset purchase during the year. Section 179 expensing and bonus depreciation were not elected. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the office furniture? Recovery Period 7-Year 10-Year 1 5-Year 20% 32% 14.29% 10% 2 24.49% 18% 3 19.2% 17.49% 14.4% If required, round your answer to the nearest dollar. Oa. $500 Ob. $715 c. $875 X d. $1,000 Feedback Check My Work Incorrect. $1,000 would be correct if we used 20% for 5-year property. Transcribed image text: Becker CPA Review 8-4 Data, Inc., purchased and placed in service $5,000 of office furniture on August 24, year 3. This is the only asset purchase during the year. Section 179 expensing and bonus depreciation were not elected. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the office furniture? Recovery Period 7-Year 10-Year 1 5-Year 20% 32% 14.29% 10% 2 24.49% 18% 3 19.2% 17.49% 14.4% If required, round your answer to the nearest dollar. Oa. $500 Ob. $715 c. $875 X d. $1,000 Feedback Check My Work Incorrect. $1,000 would be correct if we used 20% for 5-year property