Riverside LLC purchased and placed in service the following…
Riverside LLC purchased and placed in service the following assets in 2024: PIS Date Asset Cost 2/26/2024 Computers $1,000,000 6/12/2024 Gen. Manufacturing Equipment $2,500,000 Riverside LLC purchased no other assets during 2024, and its net income for the year is $50,000,000 before considering cost recovery deductions. What is the maximum tax depreciation deduction Riverside LLC may take in 2024, assuming the company elects §179 expense and bonus depreciation? Link to class life and depreciation tables: Link Show all your work.