1. In this year (2021) , Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $2770000. No other personal property was purchased during the year. Jason wants to take the largest possible tax deduction in this year related to this property. To get the largest tax deduction possible in the year for the business equipment, how much Code Sec. 179 deduction can Jason Products take?

2. LCD Corporation purchased non-residential real property for $398000 (exclusive of land cost) and placed it in service on August 6, 2021. Compute MACRS depreciation on the property for 2022.

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