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Wheeler LLC purchased two assets during the current year (a full 12-month tax year). Wheeler...

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Accounting

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 $16,000 and furniture (7-year property) on April 20 with a basis of $11,600. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2) (Round final answer to the nearest whole number.)

Multiple Choice

$1,442.

$2,871.

$4,729.

$5,357.

None of the choices are correct.

Answer & Explanation Solved by verified expert
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