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30 ces TB MC Qu. 02-51 (Static) Lax LLC purchased... Lax LLC purchased only one asset during the current year (a full 12-month tax
30 ces TB MC Qu. 02-51 (Static) Lax LLC purchased... Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer equipment (five-year property) with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring $179 and bonus depreciation). (Use MACRS Table 1) 4. Multiple Choice $2,000 $2,858 $3,000 $4,000 None of the choices are correct
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