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Lenter LLC placed in service on April 29, 2022 , machinery and equipment (seven-year property) with a basis of $1,600,000. Assume that Lenter has sufficient
Lenter LLC placed in service on April 29, 2022, 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).
| $228,640 | ||
| $1,080,000 | ||
| $1,160,000 | ||
| $1,154,308 | ||
| None of the choices are correct. |
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