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:

Age Sets

A social categorization and grouping of individuals within a community according to age, often used to mark significant stages in life and responsibilities.

Age Grades

Social categories based on age, used in various cultures to assign roles, responsibilities, and status to individuals within the community.

Property

Legal rights or interests in land, buildings, intellectual creations, or physical items, owned or possessed by individuals or entities.

Untouchable Caste

Refers to members of certain Indian social groups historically considered outside the traditional Hindu caste system, facing significant discrimination and exclusion.