Columbia LLC Only Purchased One Asset This Year

question 49

Short Answer

Columbia LLC only purchased one asset this year. Columbia LLC placed in service on October 9, 2016 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 2015 §179 limits are identical to 2016.

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Definitions:

Cannon-Bard Theory

A theory of emotion that proposes emotions and physiological responses occur simultaneously and independently.

Cognitive Label

The identification or interpretation of a feeling once physiological arousal has occurred.

Physical Reaction

The body's automatic response to a specific stimulus, which can be immediate and involuntary, reflecting changes in physical state.

Emotion-arousing Stimulus

Any event or object that elicits a strong emotional response.