Lenter LLC Placed in Service on April 29, 2014 Machinery

Multiple Choice

Lenter LLC placed in service on April 29, 2014 machinery and equipment (7-year property) with a basis of $600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including section 179 expensing (but ignoring bonus expensing) . Assume that the 2013 §179 limits are extended to 2014:

A) $85,740
B) $120,000
C) $514,290
D) $585,740
E) None of these