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Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,310,000 on June 6, 2022. Assume that Clay has sufficient income

Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,310,000 on June 6, 2022. Assume that Clay has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including 179 expensing (ignoring any possible bonus depreciation). (Use MACRS Table 1.)image text in transcribed

Table 1 MACRS Half-Year Convention

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