Everest Corp acquires a machine (seven-year property) on January 10,2018 at a cost of $2,512,000, Everest makes the election to expense the maximum amount under Soc 179, and bonus depreciation is not claimed: a Assume that the taxabie income from trade or business is $1,500,000. (1) What is the amount of the Sec 179 expensing deduction for the current year? (2) What is the amount of the Sec. 179 carryover to the next tax year? (3) What is the amount of depreciation allowed? b. Assume instead that the taxable income from trade or business is $800,000. (1) What is the amount of the Sec. 179 expensing deduction for the current yoar? (2) What is the amount of the 5ec 179 carryover to the next tax year? (3) What is the amount of depreciation allowod this year