During 2012, a corporation purchased machinery costing $500,000 and a warehouse costing $600,000. ftese are the only two acquisitions of depreciable property purchased by the corporation in 2012. fte maximum deduction the corporation can claim under Code Sec. 179 in 2012 is:

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the Section 179 deduction is limited to $139,000 in 2012. It is reduced to the extent that acquisitions of eligible personal property exceed $560,000. the warehouse is not eligible property so the limitation is not reduced

During 2012, a Corporation Purchased Machinery Costing $500,000 and a Warehouse