During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year. (Use MACRS Table 5)

ABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month property placed in service Year 12 10 0.535% 2.564 2.033 4 5 6 2-39 40 2.461 % 2.564 0.107 2247% 2.564 0.321 2.033% 2.564 0.535 1.819% 2.564 0.749 1.605% 2.564 0.963 1.391 % 2.564 1.177% 2.564 1.391 0.963% 2.564 1.605 0749% 2.564 1.819 0.321 % 2.564 2.247 0.107% 2.564 2.461