Tandy Incorporated, who operates a retail sporting goods business, acquires and places in service a used piece of construction equipment on March 16, 2020 at a cost of $643,000. It does not purchase or place into service any other assets during the year. The corporation elects to expense the maximum amount allowable under IRC Section 179, but it elects out of additional first year depreciation. The corporation has taxable income, before the IRC Sect. 179 deduction, of $2.5 million for the year. What is the total amount of cost recovery deductions that the corporation can take on the construction equipment for 2020 and 2021?