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On June 30, 2019, Temika purchased office furniture and fixtures (7-year property) costing $800,000 and technology equipment (5-year property) with a cost of $470,000. She

On June 30, 2019, Temika purchased office furniture and fixtures (7-year property) costing $800,000 and technology equipment (5-year property) with a cost of $470,000. She uses Sec. 179, but she does not claim bonus depreciation. Her business income is $1,190,000 without considering Sec. 179. (Maximum Sec 179 deduction available for 2019 is $1,020,000.) Compute 2019 combined regular and Sec 179 depreciation on both the furniture and equipment to maximize 2019 depreciation and tax benefit.

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