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1-Maple Company purchases new equipment (7-year MACRS property) on January 10, 2018, at a cost...

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Accounting

1-Maple Company purchases new equipment (7-year MACRS property) on January 10, 2018, at a cost of $430,000. Maple also purchases new machines (5-year MACRS property) on July 19, 2018 at a cost of $290,000. Maple wants to maximize its MACRS deductions; assume no taxable income limitations apply. What is Maple's total MACRS deduction for 2018?

a. $119,447.

b. $560,000.

c. $617,148.

d. $720,000.

(The answer IS NOT a. $119,647, please show me how to calculate the correct answer).

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