United States tax lawAssume that Marietta's maximum $179 expense after applying the phase-out limitation is $270,000.Also assume that Marietta elects to claim the entire $270,000 expense and it chooses to apply it against the machinery. Further assume that Marietta elects out of bonus depreciation and reports $410,000 of taxable income before deducting any $179 expense and depreciation. What amount of total depreciation (including $179 expense) is Marietta able to deduct on the machinery for the year?

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United States tax lawAssume that Marietta's maximum $179 expense after applying the phase-out limitation is $270,000.Also assume that Marietta elects to claim the entire $270,000 expense and it chooses to apply it against the machinery. Further assume that Marietta elects out of bonus depreciation and reports $410,000 of taxable income before deducting any $179 expense and depreciation. What amount of total depreciation (including $179 expense) is Marietta able to deduct on the machinery for the  year?

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