Beth's Business Purchased Only One Asset During the Current Year

Multiple Choice

Beth's business purchased only one asset during the current year (a full 12-month tax year) . Beth placed in service machinery (7-year property) on December 1 with a basis of $50,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) . (Use MACRS Table 2)

A) $1,785.
B) $2,500.
C) $7,145.
D) $10,000.
E) None of the choices are correct.