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 (five-year property) with a basis of $24,000 and on April 20 placed in service furniture (seven-year property) with a basis of $16,400. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2.)

$2,698
$4,127
$5,985
$6,613
None of the choices are correct.

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