May-Kers Corporation, a calendar year C-corporation purchased a parcel of raw land in 2018 for $2,500.000, May-kers constructed an office building on this land at a total cost of $12,500,000 and put the building into service in February 2019. The corporation purchased 5-year class assets for $300,000 and put them in service in May 2019. Later in 2019 (on December 1, 2019) May-kers purchased and put in service $800,000 of 7-year class assets. May kers does not elect to take the Section 179 deduction nor the additional first year (bonus) depreciation deduction in 2019. What is the allowed depreciation expense on the 5-year and 7-year assets in the tax year 2019? $75,000 on the 5-year asset and $28,560 on the 7-year asset. $114,320 on the 5-year asset and $60,000 on the 7-year asset. $300,000 on the 5-year asset and $800,000 on the 7-year asset $60,000 on the 5-year asset and $114,320 on the 7-year asset