Compute the maximum depreciation expense


Tasha LLC purchased furniture (7-year property) on April 20 with a basis of $20,000 and used the mid-quarter convention. During the current year, which is the fourth year Tasha LLC owned the property, the property was disposed of on December 15. Calculate the maximum depreciation expense, rounding to a whole number:

A. $898

B. $2,095

C. $2,461

D. $2,394

E. None of these

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Accounting Basics: Compute the maximum depreciation expense
Reference No:- TGS045624

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