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In 2018, Terrell, Inc., purchases machinery costing $2,528,000. Its 2018 taxable income before considering the Section 179 deduction is $990,000. Assume that Terrell elects not

In 2018, Terrell, Inc., purchases machinery costing $2,528,000. Its 2018 taxable income before considering the Section 179 deduction is $990,000. Assume that Terrell elects not to claim bonus depreciation.

a. Terrell's maximum Section 179 deduction in 2018 is $.

b. The depreciable basis of the equipment is $.

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