you have com 8 00 008 pos 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) Answer is complete but not entirely correct. Deduction b Deduction Amount 550,000 737,211 Deduction d Deductan 560.000 Next >