Multiple Choice
Lenter LLC placed in service on April 29, 2016 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 2015 §179 limits are identical to 2016:
A) $85,740
B) $120,000
C) $514,290
D) $585,740
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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