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

Essay

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 2018.
What is the corporation's first year maximum cost recovery deduction assuming the corporation expects at least $2,500,000 of income before depreciation deductions in 2018?