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7. Olney LLC placed in service on July 19, 2010 machinery and equipment (7-year property) with a basis of $600,000. Assume that Olney has sufficient

7. Olney LLC placed in service on July 19, 2010 machinery and equipment (7-year property) with a basis of $600,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including section 179 expensing, rounded to the nearest whole number (but ignoring bonus expensing)

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