QUESTION 14 Stuart acquires a new machine (seven-year property) on January 10, 2021, at a cost of $600,000. Stuart chooses not to make a $ 179 election. Instead, he elects bonus depreciation on the machine. Stuart reports taxable income of $550,000 before consideration of any depreciation. Determine the total deductions in calculating taxable income (loss) related to the machine for 2021. O a. $88,598 b. $550.000 O c. $600,000 O d. $620,000 o O e. None of the above