Anne LLC purchased computer equipment (five-year property) on August 29, 2018 for $36,000. Anne LLC did not take bonus depreciation in the year it acquired the computer equipment. On 1/21/21, Anne LLC sold the computer equipment. Compute the maximum deprecaition for 2021. Multiple Choice $518 $2,074 $2,248 $4,147 None of the choices are correct.
Anne LLC purchased computer equipment (five-year property) on August 29, 2018 for $36,000. Anne LLC did not take bonus depreciation in the year it acquired the computer equipment. On 1/21/21, Anne LLC sold the computer equipment. Compute the maximum deprecaition for 2021. Multiple Choice $518 $2,074 $2,248 $4,147 None of the choices are correct.
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 40P
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