Essay
Northern LLC only purchased one asset this year.In 2019, Northern LLC placed in service on September 6th machinery and equipment (seven-year property)with a basis of $3,150,000.Assume that Northern has sufficient income to avoid any limitations.Calculate the maximum depreciation expense including §179 expensing (ignore any potential bonus expensing).(Use MACRS Table 1.)(Round final answer to the nearest whole number.)
Correct Answer:

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$810,117.
The $1,020,000 §179 expense is...View Answer
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Correct Answer:
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The $1,020,000 §179 expense is...
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