Bob's Burgers purchased only one asset during the current year (a full 12-month tax year ending on Dec. 31), some machinery for use in the business. On December 1, Bob's Burgers placed the machinery (seven-year property) in service with an initial basis of $55,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation). (Use MACRS Table 2.) (Round final answer to the nearest whole number.)   Multiple Choice $1,964. $2,750. $7,861. $11,000. None of the choices are correct.

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