Tandy Inc. acquires and places in service a

piece of real estate, which includes a building

(in addition to the land) for $1,000,000 on

March 3, 2020. The value of the building is 60%

of the total purchase price. Tandy will use the

building as offices for its civil engineers.

The corporation has taxable income, before any

IRC Sect. 179 deduction, of $2.9 million for the

year.

What is the total amount of cost recovery

deductions that the corporation can take on

the property, if any, for 2020 and 2021?