QUESTION 7 Ella places three machines in service in her business during the year, Machine A in June (cost $75,000); Machine B in August (cost $25,000), and Machine C in November (cost $80,000). Which "convention" or "rule" applies when depreciating Machine A? Mid-month Mid-quarter. Mid-year. Full year. QUESTION 8 Ronette placed in service equipment that cost $3,000,000 in her business in 2020. What is the maximum Section 179 election she can make? $410.000. $630,000. $1,040,000 $3,000,000