During 2014, Palo Fiero purchases the following property for use in his calendar year-end manufacturing business:

Item: Manufacturing equipment Date Acquired: June 2 Cost: $35,000

Item: Office furniture Date Acquired: November 15 Cost: $4,500

Item: Office Computer Date Acquired: September 18 Cost: $3,500

Item: Passenger automobiles (used 90% for business) Date Acquired: May 31 Cost: $35,000

Item: Warehouse: Date Acquired: March 23

Warehouse Building Cost: 165,000

Warehouse Land Cost: 135,000

Palo uses the accelerated depreciation method under MARS, if available, and does not make the election to expense or take bonus depreciation. Use form 4562 to report Palo's depreciation expense for 2014.