Crouch LLC Placed in Service on May 19, 2016 Machinery

question 28

Multiple Choice

Crouch LLC placed in service on May 19, 2016 machinery and equipment (7-year property) with a basis of $2,200,000. Assume that Crouch has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including §179 expensing (but ignoring bonus expensing) . (Assume that the 2015 §179 limits are identical to 2016.)

• A) $314,380.
• B) $440,000.
• C) $571,510.
• D)$742,930.
• E)None of these

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Definitions:

Gene Location

The specific place of a gene within the chromosome, known as its locus.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including both natural and human-made aspects.

Locus

in psychological terms, often refers to locus of control, which is the degree to which individuals believe they have control over the outcome of events in their lives.

Chromosome

A structure found in the nucleus of cells that contains genetic information in the form of DNA.