1.) Gandalf placed in service on April 29, 2020, machinery and equipment (seven-year property) with a basis of $1,600,000. Assume that Gandalf has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including 179 expensing (but ignoring bonus expensing).

CHOOSE FROM MULTIPLE CHOICE BELOW:

a. $1,040,000

b. $228,640

c. $1,268,640

d. $1,120,024

2.) Frodo placed in service on May 19, 2020, machinery and equipment (seven-year property) with a basis of $3,600,000. Assume that Frodo has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including 179 expensing (but ignoring bonus depreciation).

CHOOSE FROM MULTIPLE CHOICE BELOW:

a. $364,395

b. $1,405,824

c. $514,440

d.$1,040,000