Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3.410,000 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). Under the phase-out limitation for $179, businesses must reduce the $1,080,000 maximum available expense dollar-for-dollar for the amount of qualified property placed in service during 2022 over a $2,700,000 threshold. Note: Round final answer to the nearest whole number. $1,080,000 $487,289 $434,416 $804,416 None of the choices are correct