Calculate Depreciation Using MACRS Practice Test

On July 1, 2025, an S Corporation purchased and placed in service new office furniture (tangible personal property) costing $50,000 for use in its administrative office. The furniture is 7-year MACRS property (GDS) and the half-year convention applies; no Section 179 expense or bonus depreciation is elected. Calculate the MACRS depreciation for 2025.

On April 10, 2025, a C Corporation purchased and placed in service new manufacturing equipment (tangible personal property) for $120,000 to be used 100% in its production operations. The equipment is 7-year MACRS property (GDS) and the half-year convention applies; no Section 179 expense or bonus depreciation is elected. What is the allowable depreciation deduction for 2025 under MACRS?