In this year, Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $3769500. No other personal property was purchased during the year. Jason wants to take the largest possible tax deduction in 2023 related to this property. To get the largest tax deduction possible in 2023 for the business equipment, what is the total depreciation expenses related to this business equipment in this year? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] .25 Election to Expense Certain Depreciable Assets. For taxable years beginning in 2023 , under 179(b)(1), the aggregate cost of any 179 property that a taxpayer elects to treat as an expense cannot exceed $1,160,000 and under 179(b)(5)(A), the cost of any sport utility vehicle that may be taken into account under 179 cannot exceed $28,900. Under 179(b)(2), the $1,160,000 limitation under 179(b)(1) is reduced (but not below zero) by the amount by which the cost of 179 property placed in service during the 2023 taxable year exceeds $2,890,000