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Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,463,500 on June 6, 2019. Assume that Clay has sufficient income
Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,463,500 on June 6, 2019. 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.) (Round final answer to the nearest whole number.)
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