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QUESTION 3 Tasha, LLC purchased furniture on April 29th with a basis of $20,000 and used the mid-quarter convention. During the year, which is
QUESTION 3 Tasha, LLC purchased furniture on April 29th with a basis of $20,000 and used the mid-quarter convention. During the year, which is the fourth year Tasha LLC owned the property, the property was disposed of on December 15th. Calculate the maximum depreciation expense, rounding to a whole number. OA. 898 O B. 2,095 O C. 2,461 O D.2,394 QUESTION 4 Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows: $100,000 to the buidling and $50,000 to the land. The property was placed in service on May 22nd. Calculate Tom Tom's maximum depreciation for the first year. O A. 1,605 O B. 2,273 OC.2,408 O D.3,410 2 pc
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