sahramusa035
sahramusa035
14.11.2019 • 
Business

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 § 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

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