Mary Purchased a New Five-Year Class Asset on March 7

Multiple Choice

Mary purchased a new five-year class asset on March 7, 2017. The asset was listed property (not an automobile) . It was used 60% for business and the rest of the time for personal use. The asset cost $900,000. Mary made the § 179 election. The income from the business before the § 179 deduction was $600,000. Mary also takes additional first-year depreciation. Determine the total deductions with respect to the asset for 2017.

A) $180,000
B) $378,000
C) $528,000
D) $600,000
E) None of the above