2). Augie purchased one new asset during the year (five-year property) on November 10, 2019, at a cost of $1,100,000. She would like to use the $ 179 election and will not take additional first-year depreciation. The income from the business before the MACRS cost recovery deduction and the 179 deduction was $600,000. Determine the total $ 179 cost recovery deduction with respect to the asset for 2019. 2). Augie purchased one new asset during the year (five-year property) on November 10, 2019, at a cost of $1,100,000. She would like to use the $ 179 election and will not take additional first-year depreciation. The income from the business before the MACRS cost recovery deduction and the 179 deduction was $600,000. Determine the total $ 179 cost recovery deduction with respect to the asset for 2019