Data, Inc., purchased and placed in service $5,000 of office furniture on August 24, year 3- This

Question:

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 was 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? 5-Year 7-Year 10-Year Recovery Period 20% 14.29% 10% 32% 18% 24.49% 3 19.2% 17.49% 14.4%