Kristine Sold Two Assets on March 20th of the Current

Essay

Kristine sold two assets on March 20th of the current year.The first was machinery with an original basis of $51,000, currently in the fourth year of depreciation, and depreciated under the half-year convention.The second was furniture with an original basis of $16,000, placed in service during the fourth quarter, currently in the third year of depreciation, and depreciated under the mid-quarter convention.What is Kristine's depreciation deduction for the current year if the depreciation recovery period is seven years? (Use MACRS Table 1 and Table 2 and Exhibit 10-6.)(Round final answer to the nearest whole number.)