Question
Anne LLC purchased computer equipment (five-year property) on August 29 for $35,000 and used the half-year convention to depreciate it Anne LLC did not take
Anne LLC purchased computer equipment (five-year property) on August 29 for $35,000 and used the half-year convention to depreciate it Anne LLC did not take $179 or bonus depreciation in the year it acquired the computer equipment. During the current year, which is the fourth year Anne LLC owned the property, the property was disposed of on January 15. Calculate the maximum depreciation expense. (Use MACRS Table 1) (Round final answer to the nearest whole number.) Multiple Choice O $504 $2.016 $2.186 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3. 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6,55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 5.90 4.461 Year 14 Year 15 5.91 4.462 2.95 4.461 Year 16 4.462 Year 17 4.461 Year 18 4:462 Year 19 4.461 Year 201 2.231 Year 21
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