Northern LLC only purchased one asset this year.In 2017,Northern LLC placed in service on September 6ᵗʰ 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).(Use MACRS Table 1 in the text)(Round final answer to the nearest whole number)

Question

Northern LLC only purchased one asset this year.In 2017,Northern LLC placed in service on September 6ᵗʰ 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).(Use MACRS Table 1 in the text)(Round final answer to the nearest whole number)

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The Answer of Northern LLC only purchased one asset this year.In 2017,Northern LLC placed in service on September 6ᵗʰ 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).(Use MACRS Table 1 in the text)(Round final answer to the nearest whole number)

Northern LLC Only Purchased One Asset This Year