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On June 15, 2019, Chang purchases $2,837,000 of equipment (7-year property) for use in her business. It is her only purchase of business property in

On June 15, 2019, Chang purchases $2,837,000 of equipment (7-year property) for use in her business. It is her only purchase of business property in 2019. Chang has taxable income from her business of $2,500,000 before any cost recovery.

a. Assuming Chang elects the maximum Section 179 deduction allowable and elects out of bonus depreciation, what is her total 2019 cost recovery?

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