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Bonnie Jo Used Two Assets During the Current Year

Question 3

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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 under the half-yearconvention. 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 under the mid-quarter convention. What is Bonnie Jo's depreciationexpense for the current year? (Round final answer to the nearest whole number) (Use MACRSTable 1 and Table 2) 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 under the half-yearconvention. 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 under the mid-quarter convention. What is Bonnie Jo's depreciationexpense for the current year? (Round final answer to the nearest whole number) (Use MACRSTable 1 and Table 2)

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