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Sairra, LLC Purchased Only One Asset During the Current Year

question 75

Multiple Choice

Sairra, LLC purchased only one asset during the current year (a full 12-month tax year) . Sairra placed in service furniture (7-year property) on April 16 with a basis of $25,000.
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.)


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