An Asset Other Than an SUV or a Passenger Automobile

An asset other than an SUV or a passenger automobile is placed in service on June 1,2011,and has a depreciable basis of $506,000.The asset is in the 7-year recovery class and the business has an $800,000 profit for the year.What is the maximum depreciation deduction that may be claimed for 2011,including the election to expense? Do not consider bonus depreciation.

A) $500,000
B) $500,500
C) $21,333
D) $500,857
E) $500,429