Scott purchased 3 assets for his business in 2017. He purchased a used 3-year asset for $40,000 on January 21, 2017. He purchased a new 5-year asset for $800,000 on May 20, 2017, and he purchased a warehouse for $2,000,000 on November 20, 2017. His taxable income before Section 179 expense is $700,000.

Part 1: Calculate Scotts total cost recovery deduction for the 3-year asset for 2017.

Part 2: Calculate Scott's total cost recovery deduction for 2017 for the 5-year asset.

Part 3: Calculate Scott's total cost recovery deduction for 2017 for the warehouse.