Odorizzi Corporation, a calendar year C corporation, purchased and place in service the following assets on the following dates:

Date Asset Cost

3/20/2017 Computers $700,000

6/15/2017 Copies $400,000

10/15/2017 Office furniture $1,100,000

Odorizzi Corporation purchased no other assets during 2017 and its net income for 2017 is $2,000,000 before taking cost recovery deduction into account.

a) What is the maximum federal cost recovery deduction Odorizzi Corporation may take in 2017? Please show your work and explain your calculations.

b) What is the federal cost recovery deduction Odorizzi Corporation may take in 2018 on the computers asset? (Do not need to calculate the federal cost recovery deduction on the copies or on the office furniture in 2018). Please provide calculations.

c) What is Odorizzi Corporations adjusted basis in the computer asset at the end of 2018? (Do not need to calculate adjusted basis on the copiers or on the office furniture in 2018). Please provide calculations.