Davis,Inc,A Motorcycle Wheel Manufacturer,purchased a New Spoke Machine in 2013

Davis,Inc.,a motorcycle wheel manufacturer,purchased a new spoke machine in 2013 for $200,000.What are the tax effects of this purchase?
I.If taxable income is $100,000,then $100,000 can be expensed in 2013.
II.No Section 179 election is allowed if Davis decides to use a $200,000 depreciable basis.
III.If Davis had purchased a total of $2,400,000 of equipment in 2013,the corporation can deduct only $100,000 of the purchases in 2013 through use of the Section 179 election.

A) Only statement I is correct.
B) Statements I and II are correct.
C) Statements II and III are correct.
D) Statements I and III are correct.
E) Statements I, II, and III are correct.