1. Compute the allowable MACRS, section 179 and special first year write-off for Good Corp. (GC). GC elected all write-offs unless indicated otherwise. Use exhibit 10-3 on page 10-9 for MACRS period if it is not stated in given facts. a. In June 2018 GC purchased a new machine to fabricate metal products in its production system. Cost was 3,4 million. What is total allowable write-off for 2018, 2019 and 2020. b. In December 2020 GC decided to buy the metal products instead of manufacturing them and sold the machine for 1,250,000. Compute basis in machine and gain or loss on sale