Amit purchased two assets during the current year.On April 16th Amit placed in service computer equipment (five-year property)with a basis of $5,000 and on September 9th placed in service furniture (seven-year property)with a basis of $20,000.Calculate the maximum depreciation deduction (ignoring §179 and bonus depreciation).(Use MACRS Table 1.)

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The Answer of Amit purchased two assets during the current year.On April 16th Amit placed in service computer equipment (five-year property)with a basis of $5,000 and on September 9th placed in service furniture (seven-year property)with a basis of $20,000.Calculate the maximum depreciation deduction (ignoring §179 and bonus depreciation).(Use MACRS Table 1.)

Amit Purchased Two Assets During the Current Year