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Wheeler LLC Purchased Two Assets During the Current Year (A

Question 37

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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 $15,000 and furniture (7-year property) on April 20 with a basis of $11,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) . (Use MACRS Table 2) (Round final answer to the nearest whole number.)


A) $1,285.
B) $2,714.
C) $4,572.
D) $5,200.
E) None of the choices are correct.

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