During 2014, William purchases the following capital assets for use in his catering business:

New passenger automobile (September 30)	$43,600
Baking equipment (June 30)	13,080

Assume that William decides to use the election to expense on the baking equipment but not on the automobile (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation. Assume he has adequate taxable income.

Calculate William's maximum depreciation deduction for 2014, assuming he uses the automobile 100 percent in his business.