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Anne LLC Purchased Computer Equipment (5-Year Property) on August 29

Question 28

Multiple Choice

Anne LLC purchased computer equipment (5-year property) on August 29 with a basis of $30,000 and used the half-year convention. During the current year, which is the fourth year Anne LLC owned the property, the property was disposed of on January 15. Calculate the maximum depreciation expense:


A) $432
B) $1,728
C) $1,874
D) $3,456
E) None of these

Correct Answer:

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