Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7-year property) on December 1 with a basis of $55,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2)

Multiple Choice

• $1,964.

• $2,750.

• $7,861.

• $11,000.

• None of the choices are correct.

Wheeler LLC purchased two assets during the current year (a full 12-month tax year). Wheeler placed in service computer equipment (5-year property) on November 16 with a basis of $16,000 and furniture (7-year property) on April 20 with a basis of $11,600. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2) (Round final answer to the nearest whole number.)

Multiple Choice

• $1,442.

• $2,871.

• $4,729.

• $5,357.

• None of the choices are correct.