A company has purchased $2.210,000 in Section 179-qualifying property during the year. In addition to using the Section 179 expense deduction, it wishes to use 50% bonus depreciation. Being in the offshore oil and gas business, all such assets are MACRS 5- year property. What will be the tax savings in year 1 as compared to simple MACRS depreciation without Section 179 and 50% bonus depreciation? $291,000 $171,000 $321,000 $269,640