The MACRS basis of 5-year property acquired on March 3, 20X1 is $10,000. No Section 179 or bonus depreciation is taken on the property. The property is sold on November 4, 20X2. If the half-year convention applies to personal property acquired in 20X1 and regular (accelerated) MACRS is used, depreciation expense for 20X2 is:
$2,800
$2,000
$1,600
$1,000
$3,200