Beth's business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven-year property) with a basis of $69,000. Calculate the maximum depreciation expense (ignoring $179 and bonus depreciation). (Use MACRS Table 2.) (Round final answer to the nearest whole number.) Skipped Multiple Choice eBook $2,463. o $3,450. o $9,857 o o $13,800. 24 Wheeler LLC purchased two assets during the current year (a full 12-month tax year). On November 16 Wheeler placed in service computer equipment (five-year property) with a basis of $15,500 and on April 20 placed in service furniture (seven-year property, with a basis of $11,300. Calculate the maximum depreciation expense (ignoring $179 and bonus depreciation). (Use MACRS Table 2) (Round final answer to the nearest whole number.) Skloped Multiple Choice eBook $1,363. $2,792. $4,650. $5,278. TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 L 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 25.51 20.40 Year 3 Year 4 Year 5 12.24 18.22 13.02 9.30 8.85 11.30 7.06 Year 6 Year 7 Year 8 8.86 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 10.04 Year 5 Year 6 Year 7 10.94 9.58 8.73 8.73 Year 8 7.64 25 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.) Skipped eBook Table 1 MACRS Half-Year Convention Year 1 Year 2 Year 3 1 Year 4 Year 5 Year 6 Year 7 Depreciation Rate for Recovery Period 3-Year 5-Year | 7-Year 10-Year 15-Year 20-Year 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% 44.45 | 32.00 24.49 | 18.00 9.50 17.219 14.81 19.20 17.49 14.40 8.55 6.677 7.41 11.52 12.49 11.52 7.70 6.177 11.52 8.93 9.22 6.93 5.713 5.76 8.92 7.37 6.23 5.285 8.93 6.55 5.90 4.888 4.46 6.55 5.90 4.522 6.56 5.91 4.462 6.55 5.90 4.461 3.28 5.91 4.462 5.90 4.461 5.91 4.462 5.90 4.461 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 5.91 4.462 Year 16 - 2.95 4.461 4.462 Year 17 Year 18 4.461 4.462 Year 19 Year 20 Year 21 4.461 2.231