Rob placed in service the following 7-year property in 2019: $21,000 in May and $70,000...
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Accounting
Rob placed in service the following 7-year property in 2019: $21,000 in May and $70,000 in October. No other property was placed in service during the year. Sec. 179 was not elected and the taxpayer elected out of bonus depreciation. 2019 depreciation was:
1. $ 5,500
2. None of the answers provided is correct.
3. $13,004
4. $ 3,249
5. $ 6,248
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