Yasmin Purchased Two Assets During the Current Year

question 77

Essay

Yasmin purchased two assets during the current year. On May 26^th Yasmin placed in service computer equipment (five-year property)with a basis of $10,000 andon December 9^th placed in service machinery (seven-year property)with a basis of $10,000. Calculate the maximum depreciation deduction (ignoring §179 and bonus depreciation). (Use MACRS Table 2.)