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Bonnie Jo used two assets during the current year. The first was computer equipment with an original basis of $15,000, currently in the second year of depreciation, and under the half-year convention. This asset was disposed of on October 1st of the current year. The second was furniture with an original basis of $24,000 placed in service during the first quarter, currently in the fourth year of depreciation, and under the mid-quarter convention. What is Bonnie Jo's depreciation expense for the current year? (Round final answer to the nearest whole number) (Use MACRS Table 1 and Table 2)
Close Proximity
Describing a short distance or a situation where objects or individuals are near each other.
Omnichannel Retailing
The retailing practice of integrating customer experiences across the physical and online channels.
Brick-and-mortar
Refers to physical stores or businesses that have a tangible presence in the form of buildings or other structures as opposed to online or virtual spaces.
In-store Pickup Technology
Digital solutions that allow customers to order products online and collect them at a physical retail location.
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