Multiple Choice
Lax, LLC purchased only one asset during the current year. Lax placed in service computer equipment (5-year property) on August 26 with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation) :
A) $2,000
B) $2,858
C) $3,000
D) $4,000
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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