Audra Acquires the Following New Five-Year Class Property in 2019

Essay

Audra acquires the following new five-year class property in 2019: $$\begin{array} { l l r } \text { Asset } & \text { Acquisition Date } & \text { Cost } \\\text { A } & \text { January 10 } & \$ 106,000 \\\text { B } & \text { July 5 } & 70,000 \\\text { C } & \text { November 15 } & \underline { 1,950,000 } \\\text { Total } & & \underline { \underline { \$ 2,126,000} } \\\end{array}$$ Audra elects § 179 treatment for Asset C.Her taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra does not claim any available additional first-year depreciation deduction.Determine her total cost recovery deduction (including the § 179 deduction) for the year.