Olney LLC placed in service on July 19, 2010 machinery and equipment (7-year property) with a basis

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Olney LLC placed in service on July 19, 2010 machinery and equipment (7-year property) with a basis of $600,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including section 179 expensing, rounded to the nearest whole number (but ignoring bonus expensing):

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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