20. White Company acquires a new machine (seven-year property) on January 10, 2021, 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 2021, assuming that White reports taxable income of $800,000.

a.$301,159

b.$620,000

c.$568,574

d.$88,598