Drew, Inc. acquires and places in service a new machine (seven-year MACRS property) on January 10, 2018, at a cost of $2,320,000. No other depreciable assets were placed in service during 2018. Drew, Inc. makes the election to expense the maximum amount under 179, but intentionally elects not to take any additional first- year depreciation. Drew, Inc. expects 2019 to be a slow year. The company therefore wants to maximize 2018 depreciation even if such a choice will reduce the depreciation available in 2019. Determine the maximum depreciation deduction available to Drew, Inc. on its 2018 income tax return, assuming Drew, Inc. has taxable income of $800,000 (after deducting all other expenses, but before claiming any depreciation deduction)?