8. On June 5, 2020, T purchased and placed in service a new 7-year class asset costing $560,000 for use in Ts landscaping business, which T operates as a single member LLC (Ts Landscaping LLC). During 2020, Ts business generated a net income of $945,780 before any 179 immediate expense election. Rather than using bonus depreciation, T would like to use 179 to expense $200,000 of this asset and then use regular MACRS to cost recover the remaining cost. Determine the cost recovery deductions (including first year additional depreciation) that T can claim with respect to this asset in 2020 and 2021.