QUESTION 15 Reach Corporation placed in service machinery (7-year asset) worth $1,600,000 in 2021. Assume that Reach elects the maximum amount of Section 179 expensing and uses half-year convention to calculate the regular MACRS depreciation. What is Reach's total depreciation on the machineary in 20217 TABLE 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period Year 3-Year 5-Year 7-Year 10-Year 15-Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 2 44.45 32.00 24.49 18.00 9.50 3 14.81 19.20 17.49 14.40 8.55