Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2016. Use Table 7-2. a. Assuming that the machinery was the only tangible property placed in service during the year, compute Margo's maximum cost recovery deduction. c. How would your computation change if Margo paid $2, 750,000 for the machinery