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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