White Company Acquires a New Machine (Seven-Year Property) on January

question 1

Multiple Choice

White Company acquires a new machine (seven-year property) on January 10, 2012, at a cost of $600,000.White makes the election to expense the maximum amount under § 179.No election is made to use the straight-line method. White does take additional first-year depreciation.Determine the total deductions in calculating taxable income related to the machine for 2012 assuming White has taxable income of $800,000.

• A)$71,593.
• B)$128,610.
• C)$204,877.
• D)$385,296.
• E)None of the above.

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Definitions:

Intimacy

A tight, intimate, and often warm and affectionate bond with another individual or group.

Conflict Management

The practice of recognizing and dealing with disputes in a rational, balanced and effective way.

Expenditures

The act of spending funds, or the amount spent, especially in the context of business or government budgeting.

Break-Up

The termination of a romantic relationship through mutual agreement or unilateral decision, often leading to emotional distress.