(3) Just today Ms. Client paid exactly $2.75 million for a brand new, high-speed widget making machine, an item of 5-year MACRS property. As her CPA, you prepare a depreciation schedule for her, not featuring any "bonus depreciation" or $ 179 election or anything other than the usually applicable convention. What dollar amount does your schedule show as Ms. Client's MACRS deprecia- tion deduction with respect to this machine for the year 2022? (4) The cost of a covenant not to compete (a/k/a a "noncompete agreement") sometimes is properly amortized over its stated term (its legal life, typically not more than 3-5 years) but sometimes instead must be amortized over 15 years (180 months) regardless of its term. Briefly explain exactly when (i.e., under what circumstances) and why this difference. A quick example of each situation would help