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wheeler llc purchased two assets during the current year (a full 12 month tax year). wheeler...

wheeler llc purchased two assets during the current year (a full 12 month tax year). wheeler placed in service computer equipment (5 year property) on November 16 with a basis of $22,000 and furniture (7 year property) on april 20 with a basis of $15,200. calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (use MACRS table 2) (round final answer to the nearest whole number.)
can anyone please help me can you type it out

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Answer #1

Answer:

Computer Equipment in Service in Fourth Qtr.
Depreciation = $22000 * 5% = $1100
Furniture in Service in Second Qtr.
Depreciation = $15200* 17.85% = $2713
Total Depreciation = $1100 + $2713 = $3813

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