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 the machines? O Mid-year for all three. O Mid-quarter for all three. Mid-year for Machine A and Machine B, and mid-quarter for Machine C. Mid-quarter for Machine A and Machine B, and mid-year for Machine C. QUESTION 8 Ronette placed in service equipment that cost $3,000,000 in her business in 2021. What is the maximum Section 179 election she can make? O $380.000 O $670,000. O $1,050,000 O $3,000,000