Augie purchased one new asset during the year (five-year property) on November 10, 2009, at a cost of $600,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $500,000. Determine the total cost recovery deduction with respect to the asset for 2009.
1. $120,000
2. $433,750
3. $552,500
4. $600,000
5. None of the above.