A trip to the future...

In tax year 2023, the Illini company (a calendar year taxpayer) places into service the following assets:

Asset	Cost	Date Placed in Service	Recovery Period
Automobile (4,000 lbs)	$25,000	March 15, 2023	5 years
Land Rover (8,000 lbs)	$50,000	April 25, 2023	5 years
Computer System	$200,000	May 1, 2023	5 years
Office Furniture	$1,000,000	September 10, 2023	7 years
Equipment	$2,000,000	November 20, 2023	5 years

The IRS has not yet released inflation-adjusted amounts for tax year 2023 yet. But, for purposes of this problem, assume that the maximum Section 179 expense election is $1,100,000, assume that the threshold acquisition amount is $2,800,000, and assume that the luxury auto limitation for passenger autos is $18,500. The bonus depreciation percentage for tax year 2023 is 80%.

What is the maximum depreciation deduction that Illini, Inc. can claim in tax year 2023? Show your work and make sure you note how much depreciation can be claimed via Section 179, Bonus, and regular MACRS (from the tables).