Mainstream Company purchased depreciable equipment in 2019 for $1,043,000 and claimed the maximum Sec. 179 deduction for that year of $1,020,000. The equipment qualified as 5-year property under MACRS. Mainstream sold all of this equipment on June 30, 2020. The depreciation rates for 5-year property for the first 2 years under MACRS, assuming 200%-declining-balance switching to straight-line, are 20% and 32%, respectively. What will the amount of Mainstreams MACRS deduction be for 2020?

$23,000

$0

$3,680

$7,360