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Sairra, LLC purchased furniture (7-year property) on April 1 with a basis of $25,000. calculate the maximum depreciation expense for the current year? (ignoring S179
Sairra, LLC purchased furniture (7-year property) on April 1 with a basis of $25,000. calculate the maximum depreciation expense for the current year? (ignoring S179 and bonus depreciation)
Anne LLC purchased computer equipment (5-year property) on August 29,2015 with a basis of $30,000 and used the half- year convention. (n0.179 or bonus depreciation was taken at that time) During the current year, which is fourth year Anne LLC owned the property, the property was disposed of on May 31. Calculate current year depreciation?
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