I:10-29 Sec. 179 Expensing and MACRS Depreciation. Turner Corporation uses the calendar year as its tax year. It purchases and places into service $2.27 million of property during 2022 to use in its business:

Placed into service Cost Recovery Period Apartment building* May 1 $990,000 27.5 years Office furniture June 23 $780,000 7 years Office machinery October 15 $500,000 5 years

* $80,000 of the cost pertains to the land on which the apartment building is located.

What is Turner’s total depreciation deduction for 2022 in each of the following circumstances?

Assume that Turner elects out of bonus depreciation.

a. Turner does not claim Sec. 179 expensing.

b. Turner claims Sec. 179 expensing for $780,000 of the office furniture’s cost and

$300,000 of the office machinery’s cost.

c. Turner claims Sec. 179 expensing for $580,000 of the office furniture’s cost and

$500,000 of the office machinery’s cost.