Northern LLC Only Purchased One Asset This Year

Short Answer

Northern LLC only purchased one asset this year. In 2016, Northern LLC placed in service on September 6^th 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 depreciation expense including §179 expensing (ignore any potential bonus expensing), rounded to the nearest whole number. Assume the 2015 §179 limits are identical to 2016.