Sairra LLC Purchased Only One Asset During the Current Year

question 62

Multiple Choice

Sairra LLC purchased only one asset during the current year (a full 12-month tax year) . On April 16 Sairra placed in service furniture (seven-year property) with a basis of $44,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation) . (Use MACRS Table 1.) (Round final answer to the nearest whole number.)

• A)$3,144
• B)$6,288
• C)$7,178
• D)$8,800
• E)None of the choices are correct.

---

Definitions:

Gametes

The reproductive cells (sperm in males and ova in females) that contain half the genetic information of the organism, essential for sexual reproduction.

Sexual Differentiation

The process by which the sexual organs develop during the prenatal period, leading to the development of sex differences in the body.

Heritability

Statistical estimate of contribution of heredity to individual differences in a specific trait within a given population.

Heredity

Inborn traits or characteristics inherited from the biological parents.