Kristine sold two assets on March 20th of the current year.The first was machinery with an original basis of $51,000,currently in the fourth year of depreciation,and under the half-year convention.The second was furniture with an original basis of $16,000 placed in service during the fourth quarter,currently in the third year of depreciation,and under the mid-quarter convention.What is Kristine's depreciation expense for the current year if the depreciation recovery period is 7-years? (Use MACRS Table 1 and Table 2)EXHIBIT 2-6 (Round final answer to the nearest whole number)
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The depreciation on tho...
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