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Northern LLC Only Purchased One Asset This Year

Question 48

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Northern LLC only purchased one asset this year. In 2017, Northern LLC placed in service on September 6th machinery and equipment (7-year property) with a basis of $2,200,000. Assume that Northern has sufficient income to avoid any limitations. Calculate the maximum depreciationexpense including §179 expensing (ignore any potential bonus expensing). (Use MACRS Table 1)(Round final answer to the nearest whole number) Northern LLC only purchased one asset this year. In 2017, Northern LLC placed in service on September 6th machinery and equipment (7-year property) with a basis of $2,200,000. Assume that Northern has sufficient income to avoid any limitations. Calculate the maximum depreciationexpense including §179 expensing (ignore any potential bonus expensing). (Use MACRS Table 1)(Round final answer to the nearest whole number)

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$605,794
The $510,000 §179 expense is re...

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