Harrison Acquires $65,000 of 5- Year Property in June 2016

question 1180

Multiple Choice

Harrison acquires $65,000 of 5- year property in June 2016 that is required to be depreciated using the mid- quarter convention (because of other purchases that year) . He did not elect Sec. 179 immediate expensing. Bonus depreciation was not available. If Harrison sells the property on August 23, 2018, what is the amount of depreciation claimed in 2018?

• A) $6,500.00
• B) $9,289.00
• C) $7,312.50
• D) $11,700.00

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