Roman Corporation (a calendar-year corporation) purchased and placed in service the following new assets during 2013:

$60,000 of the cost of the warehouse property is for the land.
a. Roman Corporation wants to maximize its depreciation deduction for 2013. Which asset(s) should it elect to expense under Section 179 and why?
b. What is Roman's total depreciation deduction for 2013 assuming that it follows your recommendation?

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DATE PLACED IN SERVICE 5/8/13 5/15/13 10/1/13 1/3/13 ASSET DESCRIPTION New automobile Used equipment Used office furniture Warehouse COST $30,000 $700,000 800,000 $260,000