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Lenter LLC placed in service on April 29, 2019. machinery and equipment (seven-year property with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including 5179 expensing (but ignoring bonus expensing). (Use MACRS Table 1) Multiple Choice $1,102,882. 0 $1,228,640. .228.620. None of the choices are correct. $228,640. Table 1 MACRS Half-Year Convention Year 1 Year 2 Year 3 Depreciation Rate for Recovery Heriod 3-Year 5-Year 10-Year 33.3396 20.00 10.00% 32.00 24.49 18.00 14.81 19.20 17.49 14.40 7.41 11.52 12.49 11.52 11.52 8.93 9.22 5.76 8.92 7.37 Year - Year 5 8.93 4.46 6.55 6.55 6.56 6.55 3.28 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 15-Year 20-Year 5.00% 3.750% 9.50 7219 6.677 7.70 6.177 6.93 5.713 6.23 5.285 5.90 4.888 5.90 4.522 5.91 4.462 5.90 4461 5.91 4.462 5.90 4.461 5.91 4.462 - 5.90 4.461 5.91 4.462 2.95 4.461 4.462 4.461 4.462 4.461 2.231 Lenter LLC placed in service on April 29, 2019, machinery and equipment (seven-year property, with a basis of $1,600,000. Assume that Lenter has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including 5179 expensing (but ignoring bonus expensing). (Use MACRS Table 1) Multiple Choice $1,102,882. $1,228,640. None of the choices are correct. $228,640

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