In 2023, Wabash Corporation purchases two assets and places them into service (both have a 7-year MACRS recovery period):

• Asset #1: \($1,260,000\) cost; placed in service in February.

• Asset #2: \($1,240,000\) cost; placed in service in November.

Wabash elects \($1.16\) million under and elects out of bonus depreciation. Compute Wabash’s total depreciation deduction for 2023 under each of the following assumptions:

a. Wabash elects the \($1.16\) million for Asset #1.

b. Wabash elects the \($1.16\) million for Asset #2.