In $2024,$ Libra Company purchased machinery costing $$21,300$ and elected to expense the entire cost under Section $179.$

Required:

How much of the expense can Libra deduct if its taxable income before the deduction was $$58,000.$

How much of the expense can Libra deduct if its taxable income before the deduction was $$19,200.$

How much of the expense can Libra deduct if its net operating loss $($NOL$)$ before the deduction was $$5,016.$