3. A textile company purchased the following assets throughout 2018 Asset Land for mill Mill building Equipment (new) Small used truck for deliveriesJune8 Total Placed in service Initial Basis S1,000,000 anuary1 arch 4 S1,800,000 S25,000 S3,125.000 What is the maximum total depreciation expense possible that the corporation may deduct in 2018? Assume that the land and mill building do not qualify as qualified real property for Sec. 179 and that the company has sufficient taxable income that it creates no binding limitation on any potential Sec. 179 expense (if applicable). (15 points) Reg. Reg Orig Basis S179 Remain. Expense Remain. Deprec Deprec Asset Basis Bonus Basis Rate Expense Land ul Total 8179 Expense Total Bonus depreciation Total Depreciation Expense