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Frazier LLC placed in service on June 19, 2019 computer equipment (5-year property) with a basis of $2,700,000. Assume that Frazier has sufficient income to

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Frazier LLC placed in service on June 19, 2019 computer equipment (5-year property) with a basis of $2,700,000. Assume that Frazier has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including section 179 expensing (but ignoring bonus depreciation). (Use MACRS Table 1.) Multiple Choice $366,000 $540,000 $1,020,000 $1,236,000 Potomac LLC purchased an automobile for $31,000 on August 5, 2019. What is Potomac's depreciation deduction for 2019? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 and Exhibit 10-10.) Multiple Choice O $10.000 O $4,430 O O $6.200 O $31000 None of the choices are correct

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