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In September 2023, Callie acquired an asset for $20,000 to use in her...

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Accounting

In September 2023, Callie acquired an asset for $20,000 to use in her business. The asset is classified as 5-year property under MACRS. In October, Callie acquired an asset for $15,000 to use in her business. The asset is classified as 5-year property under MACRS. Callie does not expense any property under Sec. 179 or bonus depreciation. Callie's depreciation for 2023 is:
A) $5,000.
B) $7,000.
$12,000.
D) $3,750.
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