Question: Thompson LLC purchased two assets during the current year (a full 12-month tax year). On June 10 Thompson placed in service computer equipment (five-year property)

Thompson LLC purchased two assets during the current year (a full 12-month tax year). On June 10 Thompson placed in service computer equipment (five-year property) with a basis of $20,000 and on October 22 placed in service furniture (seven-year property) with a basis of $14,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation).

Note: Round final answer to the nearest whole number.

Multiple Choice

$4,500

$5,500

$6,001

$9,998

None of the choices are correct.

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