Calculate the maximum depreciation expense


Response to the following problem:

Yasmin purchased two assets during 2012. Yasmin placed in service computer equipment (5-year property) on May 26th with a basis of $10,000 and machinery (7-year property) on December 9th with a basis of $10,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation).

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Accounting Basics: Calculate the maximum depreciation expense
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