Rustin bought used 7-year class property on May 15, 2020, for $1,040,000 and 50,000. These are only assets purchased during the year. Rustin elects 179 for $1,040,000 property and straight-line cost recovery for $50,000 property. Rustins taxable income would not create a limitation for purposes of the 179 deduction. No election for additional depreciation is made. Determine the total write-off Rustin can take in 2020.