Question: 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

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 $18,000 and on April 20 placed in service furniture (seven-year property) with a basis of $12,800. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2.) Note: Round final answer to the nearest whole number. Multiple Choice $1,756 $3,185 $5,043 $5,671 None of the choices are correct

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