Flax LLC Purchased Only One Asset This Year

question 79

Essay

Flax LLC purchased only one asset this year.On January 16 Flax placed in service a computer (five-year property)with a basis of $14,000. Calculate the maximum depreciation deduction (ignoring §179 and bonus depreciation). (Use MACRS Table 1.)

---

Definitions:

Transmission Electronics

Complex systems and components that control and manage the operation of a vehicle's transmission, enhancing efficiency and performance.

Range Cylinder

A component in machinery that enables shifting between high and low gear ranges, often found in heavy-duty transmissions.

Exhausted Atmosphere

An Exhausted Atmosphere typically refers to environments in which the oxygen level has been significantly depleted or where harmful gases have displaced the breathable air, posing risks of asphyxiation or poisoning.

All Off Phase

In traffic signal programming, a phase where all lights at an intersection are red, stopping all traffic to allow for pedestrian crossing or to reset the sequence.