A taxpayer places a $1,060,000 5-year recovery period asset in service in 2021. This is the only asset placed in service in 2021. Assuming half-year convention, an election to expense under Section 179, and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation)?

a. $1,052,000

b. $1,050,000

c. $1,026,000

d. $210,000

e. $1,040,000