Lenter LLC placed in service on April 29, 2021, 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 $228,640 $1,050,000 $1,160,000 $1,128,595 Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer equipment (five-year property) with a basis of $44,000. Calculate the maximum depreciation expense for the current year (ignoring $179 and bonus depreciation). (Use MACRS Table 1.) Multiple Choice $6,800 O O $7,658 $7,800 O $8,800 None of the choices are correct