Sairra LLC Purchased Only One Asset During the Current Year

Multiple Choice

Sairra LLC purchased only one asset during the current year (a full 12-month tax year) . On April 16 Sairra placed in service furniture (seven-year property) with a basis of $44,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation) . (Use MACRS Table 1.) (Round final answer to the nearest whole number.)

A) $3,144
B) $6,288
C) $7,178
D) $8,800
E) None of the choices are correct.