Flax, LLC Purchased Only One Asset During 2014

question 82

Short Answer

Flax, LLC purchased only one asset during 2014. Flax placed in service a computer (5-year property) on January 16 with a basis of $14,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation).

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Definitions:

Gliding Movements

Movements between flat bone surfaces that slide or glide over each other, typically observed in the joints of the carpal bones in the wrist.

Dislocation

The displacement of one or more bones at a joint, causing pain and loss of function.

Luxation

The dislocation or displacement of a bone from its joint, often causing pain and immobility.

Fracture

A break in bone or cartilage, which can range in severity from a small crack to a complete break.