Bolton Corporation uses the calendar year as its tax year. It purchases and places into service $1.5 million of property during 2018 to use in its business:

a. What is Bolton's total depreciation deduction for 2018 if Bolton elects out of bonus depreciation and does not claim Sec. 179 expensing? (Use MACRS rates to three decimal places, X.XXX%. Round the MACRS depreciation to the nearest dollar.)

b. Bolton claims Sec. 179 expensing for $630,000 of the office furniture's cost and $370,000 fo the office machinery's cost.

c. Bolton claims Sec. 179 expensing for $610,000 of the office furniture's cost and $390,000 of the office machinery's cost.

	Placed into service		Cost		Recovery Period
Apartment building*	May 1		$480,000		27.5 years
Office furniture	June 23		$630,000		7 years
Office machinery	October 15		$390,000		5 years
* $100,000 of the cost pertains to the land on which the apartment building is located