Probest Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2007:

DATE ASSET COST March 4 Automobile $39,000 May 23 Warehouse $400,000 October 1 Office furniture $128,000 All assets are used 100 percent for business use.The corporation has $250,000 in income from operations before calculating depreciation deductions. Probest is willing to make any necessary elections to claim the maximum depreciation.

What is Probest’s total depreciation for the year?

a. $32,780

b. $121,951

c. $123,766

d. None of the above AppendixLO1