Sam the Butcher acquires the following new five-year class property in 2018.Use $1,000,000 as the maximum 179 amount:

Asset Acquisition Date Cost

AJanuary 10 $1,106,000

B July 16 450,000

C November 20 70,000

Sam elects 179 for Asset A only.Sam's taxable income from the butcher shop would not create a limitation for purposes of the 179 deduction.Sam elects not to take the additional first-year depreciation.You might find Chapter 8, Example 22 in the textbook helpful in completing this problem!

1. Determine Sam's depreciation deduction for each asset for 2018.
2. Determine Sam's total depreciation deduction for 2018.