Big Tex Implement, Inc., ("Big Tex") a calendar year taxpayer, paid $1,339,000 for new nonfarm-machinery with a 7- year recovery period (Business Asset 1) and placed it into service on July 20, 2022. The machinery was Big Tex's only asset purchase during 2022. Big Tex's taxable income before any cost recovery was $2,500,000. Big Tex wants to maximize its cost recovery in 2022 and is eligible for all relevant cost recoveries for this type of business asset: