Ret Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2017 Use Table 7.2 Required: a. Assuming that the machinery was the only tangible property placed in service during the year, compute Margo's maximum cost recovery deduction, b. How would your computation change if Margo paid $2,100,000 for the machinery c. How would your computation change if Margo paid $2,750,000 for the machinery? d. How would your answer to part a change if the machinery was purchased in 2021 instead of 2017? (For all requirements, round your intermediate computations to the nearest whole dollar amount.) TABLE 7.2 MACRS for Business Personalty (Half-Year Convention) Year 3 Year 5 Year 15. Year 20-Year 33.33% 4445 1481 741 20.0096 32.00 19.20 11:52 11.32 5176 Recovery Period 7 Year 10-Year Depreciation Rate 142098 10.00% 24.19 18.00 17.00 14.40 12:49 1132 8.93 9.22 192 732 893 659 +436 635 6:56 6:35 28 500 9.50 355 7.70 693 1 2 3 4 5 6 7 S 9 10 11 12 13 693 300 3190 391 3,90 1.7509 7219 667 6.17 3.71 51230 488 4322 +462 4.561 4946 4461 4562 4.461 4116 4.461 391 5190 591 5.90 3191 2.93 416 1161 15 16 17 18 19 20 21 4162 4.561 1231