4. (5 points) On May 19, 2018, Axe Corporation purchased office furniture (7-year property) costing $2,300,000 and computer equipment (5-year property) costing $400,000. Axe elects not to take bonus depreciation on these assets but wants to take Section 179 expensing and MACRS depreciation instead. Compute Axe's Section 179 expense deduction and its MACRS before it is used on the 5-year assets. Assume also that Axe's taxable income for the year is $2 million before deductions are taker. depreciation deduction assuming that any expensing is used first on the 7-year assets