In 2021, Wabash Corporation purchased two assets and places them into service 9both have a 7-year MARCS recovery period):

• Asset #1: $1,260,000 cost; placed in service in February
• Asset #2: $1,240,000 cost; placed in service in November

Wabash elects $1.05 million under Sec. 179 and elects out of bonus depreciation. Compute Wabash's total depreciation deduction for 2021 under each of the following assumptions:

a. Wabash elects the $1.05 million for Asset #1

b. Wabash elects the $1.05 million for Asset #2