Herald Corporation, a calendar-year taxpayer, purchased and placed the following business assets in service during 2016:

AssetDate Placed in ServiceInitial Cost

Used computer equipment...............April 3..............................$ 50,000

Used office furniture......................July 14..............................940,000

Used office fixtures....................October 29...........................1,060,000

Herald Corporation is also considering the purchase of $460,000 of new office furniture. It could wait until January to make the purchase, or it could buy the furniture and place it in service in December to try to increase its current-year tax depreciation deduction. What impact would this proposed purchase have on Herald's depreciation deduction for the year?