White Company Acquires a New Machine (Seven-Year Property) on January

Multiple Choice

White Company acquires a new machine (seven-year property) on January 10, 2019, at a cost of $620,000.White makes the election to expense the maximum amount under § 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 2019 assuming White has taxable income of $800,000.

A) $88,598
B) $301,159
C) $568,574
D) $620,000