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Terra Corporation, a calendar-year taxpayer, purchases and places into service in 2017 machinery with a 7-year life that cost $650,000.The mid-quarter convention does not apply.

Terra Corporation, a calendar-year taxpayer, purchases and places into service in 2017 machinery with a 7-year life that cost $650,000.The mid-quarter convention does not apply. Terra's taxable income for the year before the Sec. 179 deduction is $700,000.What is Terra's totalmaximumdepreciation deduction related to this property?

A) $585,718

B) $521,345

C) $92,885

D) $500,000

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