ABC Corp bought a production machine on January 1, 2011 for $30,000. The company elected out of Section 179 expensing and elected out of claiming bonus depreciation in 2011, and is depreciating the machine using the MACRS accelerated depreciation tables for 5-year property. What is the 2012 depreciation (year 2) deduction for the machine?
a. None of the above is correct.