Wheeler LLC Purchased Two Assets During the Current Year (A

question 11

Multiple Choice

Wheeler LLC purchased two assets during the current year (a full 12-month tax year) .On November 16 Wheeler placed in service computer equipment (five-year property) with a basis of $15,000 and on April 20 placed in service furniture (seven-year property) with a basis of $11,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) . (Use MACRS Table 2.) (Round final answer to the nearest whole number.)

• A)$1,285
• B)$2,714
• C)$4,572
• D)$5,200
• E)None of the choices are correct.

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Definitions:

Brain Stem

The lower part of the brain that connects the cerebrum with the spinal cord and controls vital functions like breathing and heart rate.

Cerebellum

A part of the brain located under the cerebrum, responsible for coordinating voluntary movements and maintaining balance and posture.

Ventral Nerve Root

The part of a spinal nerve that emerges from the anterior portion of the spinal cord and contains motor neurons.

Lumbar Region

The section of the back and spine situated between the diaphragm and the sacrum, encompassing the lower back.