Wheeler LLC Purchased Two Assets During the Current Year (A

question 90

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 $16,500 and on April 20 placed in service furniture (seven-year property) with a basis of $11,900. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) . (Use MACRS Table 2.) (Round final answer to the nearest whole number.)

• A) $1,520
• B) $2,949
• C) $4,807
• D) $5,435
• E) None of the choices are correct.

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