On June 15, 2018, Chang purchases $2,537,000 of equipment (7-year property) for use in her business. It is her only purchase of business property in 2018. Chang has taxable income from her business of $2,500,000 before any cost recovery.

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a. Assuming Chang does not elect Section 179 and elects out of bonus depreciation, what is her total 2018 cost recovery? $

b. Assuming Chang elects the maximum Section 179 deduction allowable and elects out of bonus depreciation, what is her total 2018 cost recovery? $

c. Assuming Chang elects the maximum Section 179 deduction allowable and does not elect out of bonus depreciation, what is her total cost recovery? $

d. Assuming Chang does not elect Section 179 deduction allowable and does not elect out of bonus depreciation, what is her total cost recovery? $