Wheeler llc purchased two assets during the current year (a full 12-month tax year). wheeler placed in service computer equipment (5-year property) on november 16 with a basis of $15,500 and furniture (7-year property) on april 20 with a basis of $11,300. calculate the maximum depreciation expense (ignoring §179 and bonus depreciation)

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?