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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 income
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). (Use MACRS Table 1.) A) $228,640 B) $1,080,000 C) $1,160,000 D) $1,154,308 E) None of the choices are correct
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