Wheeler LLC purchased two assets during the current year.It placed in service computer equipment (5-year property) on November 16 with a basis of $15,000 and furniture (7-year property) on April 20 with a basis of $11,000.Calculate the maximum depreciation expense,rounding to a whole number (ignoring §179 and bonus depreciation) :
A)$1,285
B)$2,714
C)$4,572
D)$5,200
E)None of these

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The Answer of Wheeler LLC purchased two assets during the current year.It placed in service computer equipment (5-year property) on November 16 with a basis of $15,000 and furniture (7-year property) on April 20 with a basis of $11,000.Calculate the maximum depreciation expense,rounding to a whole number (ignoring §179 and bonus depreciation) :
A)$1,285
B)$2,714
C)$4,572
D)$5,200
E)None of these

Wheeler LLC Purchased Two Assets During the Current Year