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1. Pilgram LLC placed in service the only asset it purchased on the current year on October 30. The asset was machinery and equipment (7-year
1. Pilgram LLC placed in service the only asset it purchased on the current year on October 30. The asset was machinery and equipment (7-year property) with a cost basis of $1160000. Assume that Pilgram has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including 179 expensing (but ignoring bonus depreciation)
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