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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:

a. $2,000.

b. $1,000.

c. $1,600.

d. $3,200.

e. $2,800.

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