XYZ Company purchased and placed into service the following assets in 2021 Asset Cost Recovery Period Date Computer $75,000 5 yr 2/20/2021 Furniture 580,000 7/1/2021 Machine $125,000 9/10/2021 Equipment $100,000 12/15/2021 Land $750,000 12/30/2021 7 7yr 7 If the company wants to take the maximum amount of depreciation, what is their depreciation expense for 2021? $1,050,000 O $380,000 $58,585 O 551,776 O None of the choices are correct