White company acquires a new machine (seven-year property) on january 10, 2019, at a cost of $620,000. white makes the election to expense the maximum amount under § 179, and wants to take any additional first-year depreciation allowed. no election is made to use the straight-line method. determine the total deductions in calculating taxable income related to the machine for 2019 assuming white has taxable income of $800,000.

the correct answer is $620,000.

Explanation: Section 179 Increased to One Million for 2018: Jan 2, 2018 – With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.

the answer is account d

answer; the landlord can sue the renter,and the renter loses the security deposit;