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Patrick Company acquires a new machine (10 year property) on January 15, 2017, at a...

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Accounting

Patrick Company acquires a new machine (10 year property) on January 15, 2017, at a cost of $20000. Patrick also acquires another new machine (7 years property) on October 19, 2017, at cost of $40000. The company does not make the 179 election. The company does elect to use additional first year depreciation. Determine the total deductions in calculating taxable income related to the machines for 2017

a. $140000

b. $30000

c. $100000

d. $240000

e. Some other amount__________________

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