White Company acquires a new machine (seven-year property) on January 10, 2017, at a cost of $610,000 . White makes the election to expense the maximum amount under ยง 179, and wants to take any additional first-year depreciation allowed. No election is made to use the straight-line method. Determine the total deductions in calculating taxable income related to the machine for 2017 assuming White
has taxable income of $800,000.
a. $87,169
b. $348,585
c. $510,000
d. $524,290
e. None of the above
e
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