Lenter LLC Placed in Service on April 29, 2018 Machinery

Multiple Choice

Lenter LLC placed in service on April 29, 2018 machinery and equipment (7-year property) with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including §179 expensing (but ignoring bonus expensing) . (Use MACRS Table 1)

A) $228,640.
B) $1,000,000.
C) $1,085,740.
D) $1,120,000.
E) None of the choices are correct.