60. Roman Corporation (a calendar-year corporation) purchased and placed in service the following new assets during 2011:

DATE PLACED IN SERVICE ASSET DESCRIPTION COST 5/8/11 New automobile $30,000 5/15/11 Used equipment $700,000 10/1/11 Used office furniture $800,000 11/3/11 Warehouse $260,000

$60,000 of the cost of the warehouse property is for the land.

a. Roman Corporation wants to maximize its depreciation deduction for 2011. Which asset(s) should it elect to expense under Section 179 and why?

b. What is Roman’s total depreciation deduction for 2011 assuming that it follows your recommendation?