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A company purchased new equiptment (7-year MACRS property) for 1,600,000 in June 2019. What is Beta's maximum allowable cost recovery (depreciation) deduction for 2019 on

A company purchased new equiptment (7-year MACRS property) for 1,600,000 in June 2019. What is Beta's maximum allowable cost recovery (depreciation) deduction for 2019 on the equipment? Beta elects to use Section 179 and regular MACRS. This is the only purchase of tangible property for 2019. (ignore bonus depreciation)

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