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Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,472,000 on June 6 of this year. Assume that Clay has
Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,472,000 on June 6 of this year. Assume that Clay has sufficient income to avoid any limitations. Calculate the maximum depreciation expense under MACRS and including $179 expensing (ignoring any possible bonus depreciation). (Use MACRS Table 1, p. 10-40.) (Round fipal answer to the nearest whole number.)
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