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.)

• A) $1,786.
• B) $3,573.
• C) $4,463.
• D) $5,000.
• E) None of the choices are correct.

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Definitions:

N = 15

Specifies the sample size of a study or dataset, indicating that there are 15 observations or elements.

Males

Refers to the male gender or sex in biological or sociological contexts.

Females

A term often used in research or statistics to denote the sex category of subjects or participants that identifies as female.

Hypotheses

Plural of hypothesis; statements or propositions made for the sake of argument that can be tested through experimentation or observation.