Table 1: Sanjuro Corporation (A Calendar-Year Corporation) Purchased and Placed

Table 1: Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2011:
$$\begin{array} { l c r } \text { Date Acquired } & \text { Asset Description } & \underline { \text { Cost } } \\\text { February 18 } & \text { Warehouse Building } & \$ 2,450,000 \\\text { June 2 } & \text { Used Automobile } & \$ 30,000 \\\text { August 18 } & \text { New Computer Equipment } & \$ 220,000 \\\text { September 20 } & \text { New Machinery } & \$ 1,050,000 \\\text { December 15 } & \text { Used Office Equipment } & \$ 875,000\end{array}$$
All assets are used 100% for business use. The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000. The corporation has $3,000,000 income from operations before calculating depreciation deductions. Sanjuro Corporation wishes to maximize its overall depreciation deduction for 2011 and is willing to make any necessary elections.
-Refer to the information in Table 1. What is Sanjuro Corporation's maximum cost recovery deduction for the warehouse in 2011?

A) $55,052
B) $60,295
C) $70,536
D) $77,959