Lenter LLC Placed in Service on April 29, 2020, Machinery

Multiple Choice

Lenter LLC placed in service on April 29, 2020, 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) $1,040,000
C) $1,120,024
D) $1,268,640
E) None of the choices are correct.