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Frazier LLC placed in service on June 19, 2021 computer equipment (5-year property) with a basis of $2,740,000. Assume that Frazier has sufficient income
Frazier LLC placed in service on June 19, 2021 computer equipment (5-year property) with a basis of $2,740,000. Assume that Frazier has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including 179 expensing (but ignoring bonus depreciation). (Use MACRS Table 1.) Multiple Choice $1,292,000 $548,000 $1,050,000 $362,000
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