Broadus., a calendar year taxpayer, purchased a total of $128,300 tangible personalty in 2012. Broadus' taxable income without regard to a Section 179 deduction was $92,600. Which of the following statements is true?
A) Broadus can elect to expense only $92,600 of the cost of the personalty.
B) Broadus can elect to expense the $128,300 cost of the personalty but can deduct only $92,600 of the expense.
C) Broadus can elect to expense only $35,700 of the cost of the personalty.
D) Broadus can elect to expense the $168,300 cost of the personalty but can deduct only $35,700 of the expense.
Correct Answer:
Verified
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