Columbia LLC only purchased one asset this year.Columbia LLC placed in service on July 9, 2019, machinery and equipment (seven-year property)with a basis of $2,750,000.Assume that Columbia has sufficient income to avoid any limitations.Calculate the maximum depreciation deduction, including §179 expensing (but ignoring bonus depreciation)for the year.(Use MACRS Table 2.)(Round final answer to the nearest whole number.)
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The $1,020,000 §179 expense ...
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