Everest Corp. acquires a machine (seven-year property) on January 10, 2021 at a cost of $2,632,000. 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 $1,500,000, what is the amount of the Sec. 179 expensing deduction for the current year?

A) $1,050,000.

B) $1,500,000.

C) $1,038,000.

D) $1,045,350.