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Lenter LLC placed in service on April 29, 2015 machinery and equipment (7-year property) with a basis of $600,000. Assume that Lenter has sufficient income

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Lenter LLC placed in service on April 29, 2015 machinery and equipment (7-year property) with a basis of $600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including section 179 expensing (but ignoring bonus expensing). Assume that the 2014 179 limits are extended to 2015: $85,740 $120,000 $514,290 $585,740 None of these

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