During 2012, Klecker, Inc. placed in service $605,000 of Code Sec. 179 property. How much can Klecker elect to immediately expense in 2012?

Name: During 2012, Klecker, Inc. placed in service $605,000 of Code Sec. 179 property. How much can Klecker elect to immediately expense in 2012?
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the Code Sec
 179 deduction is reduced by the amount by which property placed in service in the current year exceeds $560,000. ftus, the limitation in this case is reduced by $45,000 to $94,000 (139 − 45).