Columbia LLC Placed in Service on October 9, 2014 Machinery

question 2

Short Answer

Columbia LLC placed in service on October 9, 2014 machinery and equipment (7-year property) with a basis of $2,150,000. 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, rounded to the nearest whole number. Assume the 2013 §179 limits are extended to 2014.

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Definitions:

Performance Appraisal

A regular review of an employee's job performance and overall contribution to an organization, including assessments of goals achieved and skills developed.

Human Resource Management

A strategic approach to the effective and efficient management of people in an organization in a way that helps the business gain a competitive advantage.

People-centered Practices

Business or organizational strategies that emphasize the importance and well-being of employees, promoting a positive workplace culture.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, which can impact the company's performance and morale.