Gowda Inc,A Calendar Year Taxpayer,purchased $1,496,000 of Equipment on March 23

Multiple Choice

Gowda Inc.,a calendar year taxpayer,purchased $1,496,000 of equipment on March 23.This was Gowda's only purchase of depreciable property for the year.If the equipment has a 7-year recovery period,refer to Table 7.2 and compute Gowda's first and second-year MACRS depreciation.(Disregard the Section 179 deduction and bonus depreciation in making your calculation.)

A) First year $106,889; second year $366,370
B) First year $106,889; second year $340,193
C) First year $213,778; second year $183,185
D) None of the above