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:

Repressed Experiences

Memories or emotions unconsciously blocked from conscious awareness, often because they are too distressful.

Rorschach Inkblot Test

A psychological test in which a person's interpretations of inkblots are analyzed to assess personality traits and emotional functioning.

Lacking Validity

Refers to the extent to which a concept, conclusion or measurement fails to accurately reflect the real world.

Thematic Apperception Test

A projective psychological test that involves creating stories about ambiguous images, used to explore a person's emotions, attitudes, and internal conflicts.