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help 1. White Company acquires a new machine (seven-year property) on January 10,2022 , at a cost of $620,000. White makes the election to expense
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1. White Company acquires a new machine (seven-year property) on January 10,2022 , at a cost of $620,000. White makes the election to expense the maximum amount under $179 and does not want 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 2022. a. $88,598 b. $568,574 c. $301,159 d. $203,184 e. None of the above Step by Step Solution
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