Amit purchased two assets during the current year. Amit placed in service computer equipment (5-year property) on April 16^th with a basis of $5,000 and furniture (7-year property) on September 9^th with a basis of $20,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation). (Use MACRS Table 1)

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The Answer of Amit purchased two assets during the current year. Amit placed in service computer equipment (5-year property) on April 16^th with a basis of $5,000 and furniture (7-year property) on September 9^th with a basis of $20,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation). (Use MACRS Table 1)

Amit Purchased Two Assets During the Current Year