Acorn Construction (calendar year-end C-corporation) has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has record income and would like to maximize its cost recovery deduction for the current year

Acorn provided the following information:

Asset	Placed in Service	Basis
New equipment and tools	August 20	$	800,000
Used light duty trucks	October 17		1,200,000
Used machinery	November 6		525,000
Total		$	2,525,000

a. What is Acorns maximum cost recovery deduction in the current year?

(could you show your work in your answer please?) Make sure it is worked with 2016 information. Thanks.