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 (four-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 (four-year property) with a basis of $35,500 and on April 20 placed in service furniture (seven-year property) with a basis of $23,500. Calculate the maximum depreciation expense.

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=+ f. Do you think that this analysis provides a good way of thinking about a minimumwage law? Why or why not?

=+ c. How would this change in productivity affect the labor market if unions prevent real wages from falling?

=+ 7. When workers wages rise, their decision about how much time to spend working is affected in two confl icting waysas you may have learned in courses in microeconomics. The income effect