Reid acquired two assets in 2019: on August 6th he acquired computer equipment (five-year property)with a basis of $1,020,000 and on November 9th he acquired machinery (seven-year property)with a basis of $1,020,000.Assume that Reid has sufficient income to avoid any limitations.Calculate the maximum depreciation deduction, including §179 expensing (but not bonus depreciation).(Use MACRS Table 1.)

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The Answer of Reid acquired two assets in 2019: on August 6th he acquired computer equipment (five-year property)with a basis of $1,020,000 and on November 9th he acquired machinery (seven-year property)with a basis of $1,020,000.Assume that Reid has sufficient income to avoid any limitations.Calculate the maximum depreciation deduction, including §179 expensing (but not bonus depreciation).(Use MACRS Table 1.)

Reid Acquired Two Assets in 2019: on August 6th He