View previous attemptItem $17$

Halford Incorporated, a calendar year taxpayer, had over $$6$ million taxable income in $2023.$ Halford purchased machinery costing $$1,345,000.$ The equipment has a $7-$year recovery period and was placed in service on November $16.$ If Halford made the Section $179$ election with respect to the machinery, and bonus depreciation is applicable, what is Halford's $2023$ total cost recovery deduction. $[$The MACRS factor for $7-$year property using the half$-$year convention is $14\mathrm{.}29\%$; the MACRS factor for $7-$year property using the mid$-$quarter convention for property placed in service in the $4$th quarter is $10\mathrm{.}71\%].$

Multiple Choice

$$1,345,000$

$$1,160,000$

$$1,311,963$

$$1,313,287$