For the Year 2017

Acorn Construction (calendar-year end C-corporation) has had rapid expansion during the last half of the current year due to the housing markets recovery. The company has record income and would like to maximize their cost recovery, as much as possible, for the current year. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

Acorn provided the following information:

Asset	Placed in Service	Basis
New equipment and tools	August 20	$	800,000
Used light duty trucks	October 17		1,500,000
Used machinery	November 6		525,000
Total		$	2,825,000

a. What is Acorns maximum cost recovery expense in the current year?