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Acorn Construction (calendar-year end C-corporation) has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has $5,000,000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year. Acorn provided the following information: Assets Placed in Service New Equipment and Tools Used Light Duty Trucks Used Machinery Total August 20 January 17 February 6 Basis $1,750,000 1,500,000 525.000 $3,775,000 The used assets had been contributed to the business by its owner in a nontaxable transaction. What is Acorn's maximum cost recovery expense in the current year? Chaz Corporation has taxable income in 2019 of $312,000 for purposes of computing the $179 expense and acquired the following assets during the year: Asset $780,000 Placed in Service September 12 February 10 August 21 September 30 Office furniture Computer equipment Delivery truck Qualified improvement property Total 930,000 68,000 1,490,000 $3,268,000 What is the maximum total depreciation that Chaz may deduct in 2019? Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $63,000 before deducting any $179 expense (assume no bonus depreciation). Original Basis Purchase Date $90,000 Asset Drill Bits (5-year) Drill Bits (5-year) Commercial Building January 25 July 25 April 22 95,000 220,000 What is the maximum amount of $179 expense Dain may deduct for the year