FURNITURE (5,378) AND MACHINERY (6,682) ARE CORRECT. PLEASE HELP ME THE REST

At the beginning of its 2018 tax year, Hiram owned the following business assets: Date Placed Initial Accumulated Recovery Depreciatiorn in Service Furniture Equipment Machinery 6/19/16 5/2/15 9/30/15 Cost 30,750 70,000 58,000 DepreciationPeriod Convention 7-year Half-year 5-year Half-year 5-year Half-year $11,925 49,840 41,296 On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $589,000; these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's maximum cost recovery deduction for 2018. In making your computation, assume that taxable income before depreciation exceeds $1,000,000. Use Table 7-2 (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar amount.) 2018 MACRS Depreciation 5,378 Furniture Equipment Machinery Total MACRS Depreciation Section 179/bonus on new tools Total 2018 cost recovery 6,682 12,060 12,060