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23. On August 10, 2021, a calendar-year company purchases a new machine (7-year property) with a cost basis of $530,000. Under MACRS, what is

23. On August 10, 2021, a calendar-year company purchases a new machine (7-year property) with a cost basis of $530,000. Under MACRS, what is the combined first-year Sec. 179 deduction, 100% Bonus, and depreciation (rounded) for the machine? a. $530,000 b. $517,144 c. $518,000 d. $75,737

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