Yasmin Purchased Two Assets During the Current Year

Essay

Yasmin purchased two assets during the current year. Yasmin placed in service computer equipment (5-year property) on May 26ᵗʰ with a basis of $10,000 and machinery (7-year property) on December 9ᵗʰ with a basis of $10,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation). (Use MACRS Table 2)