BriarHill Inc. purchased four items of tangible personalty in 2018 at a total cost of $3,579,000. BriarHill cannot elect to expense any of the cost of the property under Section 179.

Name: BriarHill Inc. purchased four items of tangible personalty in 2018 at a total cost of $3,579,000. BriarHill cannot elect to expense any of the cost of the property under Section 179.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Because BriarHill purchased more than $3,500,000 of qualifying property, its limited dollar amount is reduced to zero.