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White Company acquires a new machine (seven-year property) on January 10, 2016, at a cost of $600,000. White elects to expense the maximum amount allowed under §179, but elects out of 168(k) and decides not to use the straight-line method. Determine the total cost recovery deductions in calculating taxable income related to the machine for 2016, assuming White has taxable income of $800,000.
a $557,145.b $514,290.c $390,868.d $128,610
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A memorandum stating
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Sugarland Company sells a single product and anticipates opening a new facility inCharlotteon May 1 of the current year.
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