On April 5, 2019, Orange Corporation Purchased and Placed in Service

Essay

On April 5, 2019, Orange Corporation purchased and placed in service 7-year class assets costing $1,050,000 and 5- year class assets costing $140,000.Orange elects to expense the maximum amount under § 179.Orange does not take additional first-year depreciation.Assume taxable income is not a limitation.Determine Orange's maximum cost recovery with respect to the assets for 2019.