Song Company, a calendar year taxpayer, purchased a total of $2,014,400 tangible personalty in 2016. How much of this cost can Song elect to expense under Section 179?
A) -0-
B) $500,000
C) $2,014,400
D) None of the above

Question

Quizplus · Accepted Answer

The Answer of Song Company, a calendar year taxpayer, purchased a total of $2,014,400 tangible personalty in 2016. How much of this cost can Song elect to expense under Section 179?
A) -0-
B) $500,000
C) $2,014,400
D) None of the above

Song Company, a Calendar Year Taxpayer, Purchased a Total of $2,014,400