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White company acquires a machine (7 year property) on January 10, 2019, at a cost of $2,748,000. This is the only depreciable asset acquired in
White company acquires a machine (7 year property) on January 10, 2019, at a cost of $2,748,000. This is the only depreciable asset acquired in 2019. White makes the election to expense the maximum amount under section 179, but does not elect out of additional first year (bonus) depreciation. Determine the total deductions in calculating taxable income related to the machine for 2019 assuming White has taxable income of $14,500,000 before considering any deduction regarding this machine.
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