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 $5,000,000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year. Acorn provided the following information:

Assets	Placed in Service	Basis
New Equipment and Tools	August 20	$1,750,000
Used Light Duty Trucks	January 17	1,500,000
Used Machinery	February 6	525,000
Total		$3,775,000

The used assets had been contributed to the business by its owner in a nontaxable transaction. What is Acorns maximum cost recovery expense in the current year?