During the current year, Sigmund purchased two pieces of equipment for active use in his business. Equipment A, which is new property with an applicable re- covery period of 5 years, was purchased for $1,000,000 and placed in service in March. Equipment B, which is used property with an applicable recovery period of 7 years, was purchased for $1,800,000 and placed in service in May. Ignoring inflation adjustments, to what extent can Sigmund elect to expense the cost of these assets under sections 179 and 168(k)? (Assume the section 179 deduction is not limited by Sigmund's income.)