Question: Wheeler LLC purchased two assets during the current year (a full 12-month tax year). Wheeler placed in service computer equipment (5-year property) on November 16

Wheeler LLC purchased two assets during the current year (a full 12-month tax year). Wheeler placed in service computer equipment (5-year property) on November 16 with a basis of $24,000 and furniture (7-year property) on April 20 with a basis of $16,400. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation).

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