Required:

a$.$ Assuming that the machinery was the only tangible property placed in service during the year, compute Margo's maximum cost recovery deduction. Note that for $2023$ the maximum Section $179$ deduction was $$1,160,000.$

b$.$ How would your computation change if Margo paid $$3,100,000$ for the machinery? Note that for $2023$ the Section $179$ deduction threshold amount was $$2,890,000.$

c$.$ How would your computation change if Margo paid $$4,750,000$ for the machinery?

d$.$ How would your answer to part $(q)$ change if the machinery was purchased in $2022$ instead of $2023?$