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Lenter LLC placed in service on April 29, 2019, machinery and equipment (seven-year property) with a basis of $1,600,000. Assume that Lenter has sufficient income

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Lenter LLC placed in service on April 29, 2019, machinery and equipment (seven-year property) with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including $179 expensing (but ignoring bonus expensing). (Use MACRS Table 1.) Multiple Choice o $228,640 $1,020,000 $1,102.882 0 $1,228,640 None of the choices are correct Crouch LLC placed in service on May 19, 2019, machinery and equipment (seven-year property) with a basis of $3,200,000. Assume that Crouch has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including S179 expensing (but ignoring bonus depreciation) (Use MACRS Table 1.) Multiple Choice 5457,280 $370,000 $774,407 0 $1,020,000 None of the choices are correct

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