Lenter LLC placed in service on April 29, 2020, machinery and equipment (seven-year property)with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including §179 expensing (but ignoring bonus expensing). (Use MACRS Table 1.)
A)$228,640
B)$1,040,000
C)$1,120,024
D)$1,268,640
E)None of the choices are correct.

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The Answer of Lenter LLC placed in service on April 29, 2020, machinery and equipment (seven-year property)with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including §179 expensing (but ignoring bonus expensing). (Use MACRS Table 1.)
A)$228,640
B)$1,040,000
C)$1,120,024
D)$1,268,640
E)None of the choices are correct.

Lenter LLC Placed in Service on April 29, 2020, Machinery