Hoosier Corp acquired and placed in service the following depreciable property during tax year 2022. Assume that Hoosier elects the max 179 expense allowed (after any applicable phase-out) and opts out of bonus depreciation. You have been told that taxable income (after MACRS depreciation but before 179 expense) is $2,000,000. Assume half-year convention. Asset Recovery Period Placed in Service Date Cost Basis Machinery 7 yrs 1/12/22 $1,250,000 Computer 5 yrs 2/10/22 $150,000 Recall that the maximum 1