Morgan Corporation, a calendar-year corporation, purchased a $2,800,000 factory building in February, $950,000 of new machinery in April, $80,000 of new office furniture in August, $900,000 of used machinery in October, and $150,000 of additional new office furniture in December 2017.
What is the corporation's first year maximum cost recovery deduction assuming the corporation expects at least $2,030,000 of income before depreciation deductions in 2017?

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The Answer of Morgan Corporation, a calendar-year corporation, purchased a $2,800,000 factory building in February, $950,000 of new machinery in April, $80,000 of new office furniture in August, $900,000 of used machinery in October, and $150,000 of additional new office furniture in December 2017.
What is the corporation's first year maximum cost recovery deduction assuming the corporation expects at least $2,030,000 of income before depreciation deductions in 2017?

Morgan Corporation, a Calendar-Year Corporation, Purchased a $2,800,000 Factory Building