During 2016,Witt Processing Corporation places $210,000 of Section 179 property in service for use in its business.What is the amount of Witt Processing's maximum Section 179 deduction for 2016?
A)$210,000
B)$200,000
C)$25,000
D)$105,000
E)$50,000

Question

Quizplus · Accepted Answer

In 2016, the maximum Section 179 deduction limit was $500,000. Since Witt Processing Corporation placed $210,000 of qualifying property in service, they can deduct the full amount of $210,000 under Section 179.

During 2016,Witt Processing Corporation Places $210,000 of Section 179 Property