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Sid bought a new $1,210,000 seven-year class asset on August 2, 2015. On December 2, 2015, he purchased $860,000 of used five-year class assets. If
Sid bought a new $1,210,000 seven-year class asset on August 2, 2015. On December 2, 2015, he purchased $860,000 of used five-year class assets. If Sid elects 179 and takes additional first-year depreciation, if available, what is the maximum cost recovery deduction for these purchases for 2015?
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