On May 19, 2021, JKL Company placed in service office equipment (5-year property) with a basis of $3.2 million. JKL has taxable income before depreciation of $2 million. If JKL elects to claim the maximum amount of Sec. 179 expensing to which it is allowed, but not to claim bonus depreciation, what is the amount of JKL's depreciation deduction for the year? Use the MACRS table in either the textbook or the PDF PowerPoint lecture slides.