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1.Sid bought a new $1,320,000 seven-year class asset on August 2, 2018.On December 2, 2018, he purchased $800,000 of used five-year class assets.If Sid elects

1.    Sid bought a new $1,320,000 seven-year class asset on August 2, 2018. On December 2, 2018, he purchased $800,000 of used five-year class assets. If Sid elects Sec. 179 and does not take additional first-year depreciation, what is the maximum cost recovery deduction for these purchases for 2018? (Note: Sid may choose to apply the Sec. 179 election to either or both assets in whatever proportion he chooses, and there may be some optimal allocation).

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