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All of the assets were placed into service immediately. Mary elects to take additional bonus depreciation of $100,000 on the greenhouse, and expense the agricultural

All of the assets were placed into service immediately. Mary elects to take additional bonus depreciation of $100,000 on the greenhouse, and expense the agricultural equipment under § 179. She elects maximum regular cost recovery on these assets. The business earns $600,000 in 2020 before §179 cost recovery. What is Mary’s cost recovery for 2021, and is there any carryforward?

Mary acquired the following assets during 2021:
Date Asset Cost
March 4 Cannabis grow greenhouse $1,550,000
May 12 Land improvements 150,000
Oct. 29 Agricultural equipment $1,300,000

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