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Sairra LLC purchased only one asset during the current year (a full 12-month tax year). On April 16 Sairra placed in service furniture (seven-year
Sairra LLC purchased only one asset during the current year (a full 12-month tax year). On April 16 Sairra placed in service furniture (seven-year property) with a basis of $48,000. Calculate the maximum depreciation expense for the current year (Ignoring $179 and bonus depreciation). (Use MACRS Table 1) Note: Round final answer to the nearest whole number. Multiple Choice $9,600 $6,859 $7,749
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