Falcon, Inc. has the following assets in service at the end of 2021: Asset Cost Recovery Period Date placed in service Building 1,000,000 Commercial RE March 2018 Land 200,000 Commercial RE March 2018 7 June 2018 7 April 2019 Furniture and Fixtures 15,000 Manufacturing Equipment 80,000 Manufacturing Equipment 219,000 Transportation Equipment 795,000 Office Equipment 70,000 7 January 2021 5 August 2021 December 2021 7 . In 2021 Falcon has taxable income of $10,000,000. Falcon did not utilize a 179 deduction or bonus depreciation prior to 2021. They would like to take the $179 deduction, but not bonus depreciation, this year. Calculate the most beneficial cost recovery for Falcon for 2021. Now assume Falcon Inc. would like to take bonus depreciation this year.