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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)
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 $18,500 and on April 20 placed in service furniture (seven-year property) with a basis of $13,100. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation)
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