17. Wooden Nickel LLC (a calendar year cash method taxpayer) placed into service a ...

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Accounting

17. Wooden Nickel LLC (a calendar year cash method taxpayer) placed into service a
machine (7-year property) with a basis of $3,470,000 on June 6,2023. Assume Wooden
Nickel LLC has suicient income to avoid any limitations. Calculate the maximum
depreciation expense for 2023 including Section 179, but ignoring any possible bonus
depreciation.
a) $412,981
b) $495,863
c) $1,489,637
d) $992,981

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