On June $15,2023,$ Chang purchases $$2,937,000$ of equipment $($seven$-$year property$)$ for use in their business. It is their only purchase of business property in $2023.$ Chang has taxable income from their business of $$2\mathrm{.}5$ million before any cost recovery.

Click here to access depreciation Table $8-2.($If required, round your answers to the nearest dollar.$)$

a$.$ Assuming Chang does not elect Section $179$ and elects out of bonus depreciation, what is their total $2023$ cost recovery?

fill in the blank $1$ of $1$$

$419,697$

b$.$ Assuming Chang elects the maximum Section $179$ deduction allowable and elects out of bonus depreciation, what is their total $2023$ cost recovery?

fill in the blank $1$ of $1$$

$2,937,000$

c$.$ Assuming Chang elects the maximum Section $179$ deduction allowable and does not elect out of bonus depreciation, what is their total $2023$ cost recovery?

fill in the blank $1$ of $1$$

$2,937,000$