Tasha LLC purchased furniture (seven-year property) years ago for $20,000 and used the half-year convention to depreciate it. Tasha did not take §179 or bonus depreciation in the year it acquired the furniture. 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. (Use MA

the maximum depreciation expense for year 4 = $2,498

Explanation:

depreciation per year using MACRS 7 year class, half year convention

year            depreciation %    purchase cost      total depreciation

1                         14.29%              $20,000                $2,858

2                        24.49%             $20,000                $4,898

3                        17.49%              $20,000                $3,498

4                        12.49%              $20,000                $2,498

5                        8.93%               $20,000                $1,786

6                        8.92%               $20,000                $1,784

7                        8.93%               $20,000                $1,786

8                        4.46%               $20,000                  $892

answer; bootstrapping is your answer;

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed