White Company acquires a new machine (seven-year property)on January 10,2011,at a cost of $900,000.White makes the election to expense the maximum amount under § 179.No election is made to use the straight-line method.White does elect not to take additional first-year depreciation.Determine the total deductions in calculating taxable income related to the machine for 2011 assuming White has taxable income of $800,000.

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The Answer of White Company acquires a new machine (seven-year property)on January 10,2011,at a cost of $900,000.White makes the election to expense the maximum amount under § 179.No election is made to use the straight-line method.White does elect not to take additional first-year depreciation.Determine the total deductions in calculating taxable income related to the machine for 2011 assuming White has taxable income of $800,000.

White Company Acquires a New Machine (Seven-Year Property)on January 10,2011,at