An Asset Is Placed in Service on May 15, 2019

Multiple Choice

An asset is placed in service on May 15, 2019 and has a depreciable basis of $40,000. The asset is in the 7-year recovery class and the half-year convention applies. What is the maximum depreciation deduction that may be claimed for 2019, excluding the election to expense and bonus depreciation?

A) $2,572
B) $5,144
C) $5,716
D) $25,000
E) None of the above