Wheeler LLC Purchased Two Assets During the Current Year (A

Multiple Choice

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, rounding to a whole number (ignoring §179 and bonus depreciation) :

A) $1,285
B) $2,714
C) $4,572
D) $5,200
E) None of these