Chipper, a calendar-year corporation, purchased new machinery for $1,135,000 in February, 2018. In October, it purchased $2,105,000 of used machinery. What was Chipper's maximum cost recovery deduction for 2018?
A) $1,243,621
B) $3,240,000
C) $1,038,114
D) $577,226

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The Answer of Chipper, a calendar-year corporation, purchased new machinery for $1,135,000 in February, 2018. In October, it purchased $2,105,000 of used machinery. What was Chipper's maximum cost recovery deduction for 2018?
A) $1,243,621
B) $3,240,000
C) $1,038,114
D) $577,226

Chipper, a Calendar-Year Corporation, Purchased New Machinery for $1,135,000 in February