Bonnie Jo Used Two Assets During the Current Year

Essay

Bonnie Jo used two assets during the current year.The first was computer equipment with an original basis of $15,000, currently in the second year of depreciation and depreciated under the half-year convention.This asset was disposed of on October 1st of the current year.The second was furniture with an original basis of $24,000, placed in service during the first quarter, currently in the fourth year of depreciation, and depreciated under the mid-quarter convention.What is Bonnie Jo's depreciation deduction for the current year? (Round final answer to the nearest whole number.)(Use MACRS Table 1 and Table 2.)