Chipper, a calendar-year corporation, purchased new machinery for $1,135,000 in February 2018. In October, it purchased $2,105,000 of used machinery. What was Chippers maximum cost recovery deduction for 2018?

Question 1 options:

1) $1,243,621

2) $3,240,000

3) $1,038,114

4) $577,226