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White Company acquires a new machine (seven-year property) on January 10, 2018, at a cost of $620,000. White makes the election to expense the maximum

White Company acquires a new machine (seven-year property) on January 10, 2018, at a cost of $620,000. White makes the election to expense the maximum amount under 179 and wants to take any additional first-year depreciation allowed. No election is made to use the straight-line method. Determine the total deductions in calculating taxable income related to the machine for 2018 assuming White has taxable income of $800,000.

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