Ironrock is a newly formed chocolate manufacturing company in Nevada. During the current year, the company acquired and placed several assets in service. All assets were acquired and placed in service on the first day of the year. The new facility design includes areas for candy making classes. The costs for the year are outlined below.

The company has taxable income for the year of $250,000.

Annual Cost	Amount
Building (building $950k; land $2500k)	$1,200,000
Manufacturing equipment for melting, mixing, and tempering chocolate	900,000
Routine maintenance of equipment during the year	50,000
Displays, molds, and fixtures for candy-making lessons	455,000
Office furniture	60,000
Delivery van	45,000
Total Cost	2,710,000

Using the cost information from above, calculate the maximum amount of cost recovery for the year based on the allowed methods.