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 $60,000, currently in the fourth year of depreciation, and depreciated under the half-year convention. The second was furniture with an original basis of $25,000, 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.)