Eddie purchased only one asset during the current year. On May 1^st Eddie placed in service furniture (seven-year property) with a basis of $26,500. Calculate the maximum depreciation deduction, rounded to the nearest whole number (ignoring §179 and bonus depreciation).

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The Answer of Eddie purchased only one asset during the current year. On May 1^st Eddie placed in service furniture (seven-year property) with a basis of $26,500. Calculate the maximum depreciation deduction, rounded to the nearest whole number (ignoring §179 and bonus depreciation).

Eddie Purchased Only One Asset During the Current Year