Herald Corporation, an October 31 fiscal year-end taxpayer, purchased and placed the following business assets in service during the year ending October 31, 2007:

ASSET DATE PLACED IN SERVICE INITIAL COST New computer equipment February 3 $50,000 New office furniture May 14 133,000 Used office fixtures August 29 222,000 Herald Corporation is also considering the purchase of $120,000 of additional new office furniture. It could wait until November to make the purchase, or it could buy the equipment and place it in service in October to try to increase its current-year tax depreciation deduction.What impact would this proposed purchase have on Herald’s depreciation deduction for its year ending October 31, 2007?AppendixLO1