Determine the total cost recovery deductions white may take

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Problem 1: White Company acquired a new machine (five-year property) on November 10, 2017, at a cost of $600,000, and immediately placed it in service. No other assets were placed in service that year. White did not make the election to expense assets under IRC § 179. White did take 50% additional first-year depreciation. Determine the total cost recovery deductions White may take with respect to this property in calculating taxable income for the calendar 2018 taxable year assuming White has taxable income of $800,000, without regard to these deductions.

a. $114,000
b. $310,710
c. $342,870
d. $385,296
e. $390,868

Reference no: EM132889475

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