MACRS, ADS (LO. 6) Larry purchases machinery for his business (7-year MACRS property) on April 1 at a cost of $1,057,000. On June 1, he spends $84,000 for equipment (5-year MACRS property). Larry does not want to claim bonus depreciation. Refer to the MACRS Depreciation Tables and the Depreciation Table to answer the following questions. Round your intermediate percentage computations to two decimal places. Use these values in subsequent computations and round your final answers to the nearest dollar. a. Maximum deduction allowable is $ b. Minimum deduction allowable is $ 48,277