Moy Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2019: Date Cost Acquired Asset Description 18-Feb Warehouse $3,450,000 2-Jun Used Furniture 180,000 18-Aug Used Computer Equipment 320,000 20-Sep Used Machinery 2,050,000 Used Office 15-Dec 875,000 Equipment All assets are used 100% for business use. The $3,450,000 cost of the warehouse consists of $1,000,000 for the land and $2.450,000 for the building. The corporation has $3,000,000 income from operations before calculating depreciation deductions in 2019 and $3,500,000 in 2020 No assets were purchased or sold in 2020. If Section 179 applies the company's tax strategy is to use Section 179 on any computer equipment purchased Required Calculate the total depreciation deduction in 2019 2. Calculate the total depreciation deduction in 2020 Moy Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2019: Date Cost Acquired Asset Description 18-Feb Warehouse $3,450,000 2-Jun Used Furniture 180,000 18-Aug Used Computer Equipment 320,000 20-Sep Used Machinery 2,050,000 Used Office 15-Dec 875,000 Equipment All assets are used 100% for business use. The $3,450,000 cost of the warehouse consists of $1,000,000 for the land and $2.450,000 for the building. The corporation has $3,000,000 income from operations before calculating depreciation deductions in 2019 and $3,500,000 in 2020 No assets were purchased or sold in 2020. If Section 179 applies the company's tax strategy is to use Section 179 on any computer equipment purchased Required Calculate the total depreciation deduction in 2019 2. Calculate the total depreciation deduction in 2020