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). (UseMACRSTable 2.)(Round final answer to the nearest whole number.)
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