Karane Enterprises, a calendar year manufacturer based in College Station, Texas began business in 2020. In the process of setting up the business, Karane acquired various types of assets. Below is a list of assets acquired during 2020 Asset Cost Date Place in Service Office furniture (7-Year) $150,000 02/03/2020 Machinery (7-Year) 1,560,000 07/22/2020 Delivery truck (5-Year) 40,000 08/17/2020 During 2020, Karane was very successful and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021 Asset I Cost Date Place in Service Computers (5-Year) $400,000 03/31/2021 Delivery Truck (5-Year) 80,000 05/26/2021 Assembly Equipment (7-Year) 1,200,000 08/15/2021 Storage Building 700,000 11/13/2021 Compute the maximum 2021 depreciation deduction for all assets owned by Karane assuming the company did not take Section 179 or bonus depreciation during 2020 or 2021 (5 points)