Everest Corp. acquires a machine (seven-year property) on January 10, 2023 at a cost of $2,902,000. Everest makes the election to expense the maximum amount under Sec. 179, but bonus depreciation is not claimed. If the taxable income from trade or business is $800,000, what is the amount of the Sec. 179 expensing deduction that is currently deductible for the year? A) $2,902,000. B) $1,148,000. C) $800,000. D) None of the answer choices are correct.