Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer equipment (five-year property)with a basis of $22,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation). (Use MACRS Table 1.)
A)$2,400
B)$3,258
C)$3,400
D)$4,400
E)None of the choices are correct.

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The Answer of Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer equipment (five-year property)with a basis of $22,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation). (Use MACRS Table 1.)
A)$2,400
B)$3,258
C)$3,400
D)$4,400
E)None of the choices are correct.

Lax LLC Purchased Only One Asset During the Current Year