8-43 On June 5, 2016, Javier Sanchez purchased and placed in service a new 7-year class asset costing $550,000 for use in his landscaping business, which he operates as a single member LLC (Sanchez Landscaping LLC). During 2016, his business generated a net income of $945,780 before any 179 immediate expense election.

Determine the maximum deductions that Javier can claim with respect to this asset in 2016:

Section 179 expense:

Aditional first year depreciation:

MACRS Recovery:

Total deduction: