Lenter LLC Placed in Service on April 29,2017 Machinery and Equipment

question 48

Multiple Choice

Lenter LLC placed in service on April 29,2017 machinery and equipment (7-year property) with a basis of $600,000.Assume that Lenter has sufficient income to avoid any limitations.Calculate the maximum depreciation expense including section 179 expensing (but ignoring bonus expensing) .(Use MACRS Table 1 in the text)

• A) $85,740.
• B) $120,000.
• C) $522,861.
• D) $585,740.
• E) None of the choices are correct.

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