Turner Corporation uses the calendar year as its tax year. It purchases and places into service $1.97 million of property during 2016 to use in its business:

* $80,000 of the cost pertains to the land on which the apartment building is located.
** Turner purchased the office furniture and office machinery from another business that had been using them for a few years.
What is Turner's total depreciation deduction for 2016 in each of the following circumstances?
a. Turner does not claim Sec. 179 expensing or bonus depreciation.
b. Turner claims Sec. 179 expensing for $500,000 of the office furniture's cost.
c. Turner claims Sec. 179 expensing for $80,000 of the office furniture's cost and $420,000 of the office machinery's cost.

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Placed into service Cost Recovery Period $900,000 S650,000 27.5 years Office furniture*June 23 Office machincry**Octobcr 15 vcars 5 ycars