Roman Corporation (a calendar-year corporation) purchased and placed in service the following assets in 2017:

$60,000 of the cost of the warehouse property is for the land.
a. What is Roman Corporation’s depreciation deduction for 2017 if it only claims regular MACRS depreciation?
b. What is Roman’s depreciation deduction for 2017 assuming it takes maximum advantage of Section 179 expensing and bonus depreciation?
c. What is Roman’s depreciation deduction for 2018 if it instead placed all of these assets in service in 2018 instead of 2017?

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Date placed in service Asset description Cost May 8 $ 30,000 Used automobile Used equipment Used office furniture May 15 October 1 700,000 800,000 260,000 November 3 Warehouse