Columbia LLC Only Purchased One Asset This Year

question 9

Essay

Columbia LLC only purchased one asset this year. Columbia LLC placed in service on July 9, 2018 machinery and equipment (7-year property) with a basis of $2,750,000. Assume that Columbia has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including §179 expensing (but ignoring bonus expensing) for the year. (Use MACRS Table 2) (Round final answer to the nearest whole number.)

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Definitions:

Racism

The act of prejudice, unequal treatment, or aggression against a person of a different racial group, due to the belief in the superiority of one's own race.

Racial Identities

The sense of self and belonging that individuals associate with a particular racial group.

African American

Refers to citizens or residents of the United States who have total or partial ancestry from any of the native populations of Sub-Saharan Africa.

Ethnic Group

An ethnic group is a category of people who identify with each other based on common ancestral, social, cultural, or national experiences.