In 2015,Gail had a § 179 deduction carryover of $30,000.In 2016,she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2016 is $140,000.Determine Gail's § 179 deduction for 2016.
A)$25,000
B)$115,000
C)$130,000
D)$140,000
E)None of the above

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The Answer of In 2015,Gail had a § 179 deduction carryover of $30,000.In 2016,she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2016 is $140,000.Determine Gail's § 179 deduction for 2016.
A)$25,000
B)$115,000
C)$130,000
D)$140,000
E)None of the above

In 2015,Gail Had a § 179 Deduction Carryover of $30,000