Question
Lenter LLC placed in service on May 20, 2016 equipment (7-year property) with a basis of $2,200,000. Assume that Lenter has sufficient income to avoid
Lenter LLC placed in service on May 20, 2016 equipment (7-year property) with a basis of $2,200,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including 179 expensing (but ignoring bonus expensing). (Assume that the 2015 179 limits are identical to 2016.)
| $440,000. | ||
| $742,930. | ||
| $314,380. | ||
| $571,510. | ||
| None of these. |
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
