On June 2, 2011, Lokar Corporation purchases a patent for $68,000 from the inventor of a new extrusion process. The patent has 12 years remaining on its legal life. Also, Lokar purchases substantially all the assets of the Barrios Corporation for $750,000 on September 8, 2011. The values of the assets listed in the purchase agreement are as follows:

Inventory .......... $250,000

Manufacturing equipment ..... 686,000

Patent on compression process ... 105,000

Goodwill ............ 95,000

Determine the maximum 2011 cost-recovery deductions for the assets purchased.