On June 2, 2018, 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 of the assets of Barrios Corporation for $750,000 on September 8, 2018. The values of the assets listed in the purchase agreement are as follows:

Determine the maximum 2018 cost-recovery deductions for the assets purchased.

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Inventory Manufacturing equipment Patent on compression process Goodwill $250,000 1,176,000 105,000 95,000