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Acorn Construction (calendar-year end C-corporation) has had rapid expansion during the last half of the current year due to the housing markets recovery. The company

Acorn Construction (calendar-year end C-corporation) has had rapid expansion during the last half of the current year due to the housing markets recovery. The company has record income and would like to maximize their cost recovery, as much as possible, for the current year. Acorn provided the following information:

Assets

Placed in Service

Basis

New Equipment and Tools

August 20

$810,000

Used Light Duty Trucks

October 17

1,200,000

Used Machinery

November 6

520,000

Total

$2,530,000

What is Acorns maximum cost recovery expense in the current year including bonus depreciation and 179?

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