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Payco placed in service machinery and equipment (7-year property) with a basis of $2,450,000 on June 6. Assume that Payco has sufficient income to avoid
Payco placed in service machinery and equipment (7-year property) with a basis of $2,450,000 on June 6. Assume that Payco has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including 179 expensing (ignoring any possible bonus expensing), rounded to a whole number:
Question 9 options:
| $1,000,000 |
| $1,207,205 |
| $427,244 |
| None of these |
| $207,205 |
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