Richards Corporation Reports Taxable Income Exceeding $1

Richards Corporation reports taxable income exceeding $1.5 million per year.In 2017,it acquired and placed in service $1,610,000 of new equipment.The equipment,its only property addition this year,is five-year property and was shipped directly from the factory.What is the maximum tax deduction it can take this year with respect to this new equipment?

A) $1,160,000
B) $966,000
C) $730,000
D) $1,060,000