Question: 32. 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)
32.
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 $15,000 and on April 20 placed in service furniture (seven-year property) with a basis of $11,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Round final answer to the nearest whole number.)
| $1,285 | ||
| None of the choices are correct. | ||
| $2,714 | ||
| $4,572 | ||
| $5,200 |
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