Indigo Company acquires a new machine (ten-year property) on January 15, 2010, at a cost of $100,000. Indigo also acquires another new machine (seven-year property) on November 5, 2010, at a cost of $20,000. No election is made to use the straight-line method. The company does not make the § 179 election. Determine the total deductions in calculating taxable income related to the machines for 2010.
a. $12,000.
b. $12,858.
c. $55,000.
d. $66,429.
e. None of the above