Colombia has enough income to avoid any limitation.

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Columbia LLC only bought one asset this year. Columbia LLC placed in service on July 9, 2021 machinery and equipment (seven-year ownership) with a basis of $2,750,000. Assume that Colombia has enough income to avoid any limitation. Figure the maximum depreciation deduction, including §179 expenses (but ignoring additional depreciation) for the year. (Use MACRS Table 1.)

Reference no: EM133239547

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