Lenter LLC Placed in Service on April 29, 2014 Machinery

question 83

Multiple Choice

Lenter LLC placed in service on April 29, 2014 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) . Assume that the 2013 §179 limits are extended to 2014:

• A) $85,740
• B) $120,000
• C) $514,290
• D) $585,740
• E) None of these

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Definitions:

Orbicularis Oculi

A muscle around the eye that allows the eyelids to close.

Zygomaticus

The zygomaticus refers to two facial muscles, the zygomaticus major and minor, which extend from the cheekbone to the corners of the mouth and are responsible for raising the upper lip, contributing to facial expressions such as smiling.

Sternocleidomastoid

A significant muscle in the neck that is involved in the rotation and flexion of the head.

Tibialis Anterior

A muscle in the lower leg that is involved in dorsiflexion and inversion of the foot.