Sec 179 and MACRS Depreciation Chahana acquired and placed in service $1,215,000 of equipment on August 1, 2021 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year. Chahana elects to expense the maximum amount under Sec. 179, and bonus depreciation is not applied. Chahana's total deductions for 2021 (including Sec. 179 and depreciation) are $1,083,000. $243,000. $1,050,000 $1,205,000