The Lovell Accounting Firm Places the Following New Property in Service

The Lovell Accounting Firm places the following new property in service during the 2013 tax year:
$\begin{array}{llcc}\text { Froperty } & \text { Placed in } & \\\text { Description } & \text { Service } & \text { MACRS Life } & \text { Cost Basis }\\\text { Computers } & \text { Feb } 6 & 5 \text { years } & \$ 60,000 \\\text { Office furniture } & \text { June } 24 & 7 \text { years } & \$ 110,000 \\\text { Fax machine } & \text { Aug } 3 & 5 \text { years } & \$ 100,000 \\\text { Sidewalk } & \text { Dec } 11 & 15 \text { years } & \$ 50,000\end{array}$
Lovell wants to obtain the maximum possible first year depreciation deduction for these property acquisitions including full utilization of the election to expense property under Section 179,and they do not elect out of bonus depreciation.Lovell will report 2013 taxable income in the amount of $150,000 before consideration of depreciation on their 2013 property acquisitions.What is the maximum combined amount of depreciation and Section 179 expense that may be obtained under this set of fact circumstances?

A) $165,950
B) $167,300
C) $183,409
D) $229,500
E) $226,600