White Company acquires a new machine (seven-year property) on July 10, 2017, at a cost of $700,000. White makes the election to expense the maximum amount under S 179. Determine the total deductions (Section 179, bonus and regular depreciation) in calculating taxable income related to the machine for 2017 assuming White has taxable income of $900,000 (round to nearest dollar). (I BELIEVE THE ANSWER IS A, But PLEASE EXPLAIN IN WORDS!!!!)

A. $614,290

B. $500,000

C. $339,579

D. $490,000

E. None of the above