Taxpayer purchased one new asset during the year (five-year property) on April 10, 2017, at a cost of $660,000. Taxpayer would like to use the 179 election but will not take additional first-year depreciation. The income from the business before the cost recovery deduction and the 179 deduction was $600,000. Determine the total cost recovery deduction with respect to the asset for 2017.

A. $510,000

B. $30,500

C. None of these choices are correct.

D. $588,750

E. $585,000