Lenter LLC placed in service on April 29, 2020, machinery and equipment (seven-year property) with a basis of $1,500,000. 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

• $228,640

• $1,040,000

• $1,120,024

• $1,105,734

• NONE