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Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in service on August 1,2017. Use Table 7.2 Required: a. Assuming

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Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in service on August 1,2017. Use Table 7.2 Required: a. Assuming that the machinery was the only tangible property placed in service during the year, compute-Margo's maximum cost recovery deduction. b. How would your computation change if Margo paid $2,100,000 for the machinery? c. How would your computation change if Margo pald $2,750,000 for the machinery? d. How would your answer to part a change if the machlnery was purchased in 2021 instead of 2017

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