Northern LLC only purchased one asset this year. In 2020, Northern LLC placed in service on September 6^t^h machinery and equipment (seven-year property) with a basis of $3,180,000. Assume that Northern has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including §179 expensing (ignore any potential bonus expensing). (Use MACRS Table 1.)

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The Answer of Northern LLC only purchased one asset this year. In 2020, Northern LLC placed in service on September 6^t^h machinery and equipment (seven-year property) with a basis of $3,180,000. Assume that Northern has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including §179 expensing (ignore any potential bonus expensing). (Use MACRS Table 1.)

Northern LLC Only Purchased One Asset This Year