Barton Company purchased a machine for $800,000. The machine is classified as a 5-year property. Calculate the depreciation for 2016 (using MACRS) for the machine given each of the following situations:

The asset was purchased and placed into service on June 22, 2016.

The asset was purchased and placed into service on October 1, 2016.

What could Barton deduct if they elected to take the maximum Section 179 deduction? What is the remaining basis and how is it handled?

If Barton purchased and placed into service an additional $1,400,000 in machinery during the year, what would their Section 179 deduction be?