GPE had the following fixed assets in service: Item Life of asset Date Purchased Amount Construction equipment 7 years 05/31/2016 $430,000 Office furniture 7 years 02/03/2017 $10,000 Used delivery truck 5 years 08/17/2017 15,000 Machinery 7 years 10/22/2017 560,000 Computers 5 years 03/31/2018 400,000 Assembly equipment 7 years 08/15/2018 875,000 Storage building (new 39 years 11/13/2018 1,600,000 build) GPE would like to take advantage of 179 expensing, but elects out of bonus depreciation, for purchases in 2018. The company has not taken either of these additional depreciation options in prior years. GPE listed some construction equipment for sale. The equipment, purchased on 05/31/2016, sold on 03/15/2018 for $320,000. They also sold the machinery, purchased on 10/22/2017, on 12/15/2018 for $500,000