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Maximum Depreciation Expense

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Lax, LLC purchased only one asset during the current year. It placed in service computer equipment (5-year property) on August 26 with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring section 179 and bonus expensing).

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The solution provides the exact calculation for calculating Lax, LLC's maximum depreciation expense for the current year.

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