Please hurry I need this question ans asap 7. X YZ...
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7. X YZ Corp. pays $1,200,000 for machinery in 2018. Ignore bonus depreciation in the following calculations. wwhat is the total 2018 depreciation deduction if XYZ elects the Section 179 "option to expense?" (Check figure: $1,028,580) b. Same as (a), except total 7-year property acquired during the year (which includes the machine) amounted to $2,520,000? (Check figure: $1,200,066) c. Same as (a), but if XYZ Corp.'s taxable income before the Section 179 election was $4000, how much of the Section 179 depreciation is deductible? (Check figure: $4,000)
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