Poplock LLC Purchased a Warehouse and Land During the Current

Multiple Choice

Poplock LLC purchased a warehouse and land during the current year for $350,000. The purchase price was allocated as follows: $275,000 to the building and $75,000 to the land. The property was placed in service on August 12. Calculate Poplock's maximum depreciation for this first year. (Use MACRS Table 5) (Round final answer to the nearest whole number.)

A) $2,648.
B) $3,371.
C) $3,751.
D) $4,774.
E) None of the choices are correct.