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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
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.
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