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1) Oiney LLC only purchased one asset this year. Olney LLC placed in service on July 19,2023 , machinery with a basis of $1,330,000. Assume

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1) Oiney LLC only purchased one asset this year. Olney LLC placed in service on July 19,2023 , machinery with a basis of $1,330,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction, including $179 expensing (but ignoring bonus depreciation). Blank 1 Blank 1 Add your

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