Sairra LLC Purchased Only One Asset During the Current Year

Multiple Choice

Sairra LLC purchased only one asset during the current year (a full 12-month tax year) . On April 16 Sairra placed in service furniture (seven-year property) with a basis of $30,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation) .

A) $2,143
B) $4,287
C) $5,177
D) $6,000
E) None of the choices are correct.