Laura acquired and placed in service $665,000 of equipment on August 1, 2017 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year Laura elects to expense the maximum amount under Sec. 179. Assuming the property does not qualify for bonus depreciation, Laura's total deductions for 2017 (including Sec. 179 and depreciation) are OS510,000. $131,000. s64 1,000. O$541,000