Falcon, Inc. has the following assets in service at the end of 2020:

Asset	Cost	Recovery Period	Date placed in service
Building	1,000,000	Commercial RE	March 2017
Land	200,000	Commercial RE	March 2017
Furniture and Fixtures	15,000	7	June 2017
Manufacturing Equipment	80,000	7	April 2018
Manufacturing Equipment	219,000	7	January 2020
Transportation Equipment	795,000	5	August 2020
Office Equipment	70,000	7	December 2020

• In 2020 Falcon has taxable income of $10,000,000.
• Falcon did not utilize a 179 deduction or bonus depreciation prior to 2020. They would like to take the 179 deduction, but not bonus depreciation, this year.

a) Calculate the most beneficial cost recovery for Falcon for 2020.

b) Now assume Falcon Inc. would like to take bonus depreciation this year.