Sheila, a calendar-year taxpayer, acquires 5-year tangible personal property in 2020 and places the property in service on the following schedule:

Date placed in service, Acquisition Cost

January 15- $7,000

May 25- $10,000

November 8- $1,048,000

Sheila elects to expense the maximum amount under Sec. 179, and selects the property placed into service on November 8. The property is not eligible for bonus depreciation. Her business's taxable income before Sec. 179 is $1,190,000. What is the total cost recovery deduction (MACRS depreciation and Sec. 179) for 2020?

A) $1,045,000.

B) $1,053,350.

C) $1,048,000.

D) $1,045,350.

Max uses a Ford F-350 Truck (Gross Vehicle Weight = 7,100 pounds) 100% for business. He acquired and placed the vehicle in service in his business in March of the current year. The vehicle cost $76,000. Max elects Section 179 and does not elect out of bonus depreciation. The maximum deduction allowed this year is:

A) $10,100.

B) $18,100.

C) $25,900.

D) $76,000.