On May 30,2011,Jane signed a 20-year lease on a factory building to use for her business.The lease begins on June 1,2011.In August 2011,Jane paid $300,000 for qualified leasehold improvements to the building.Jane elected to treat the qualified leasehold improvements as § 179 property.Determine Jane's total deduction with respect to the leasehold improvements for 2011.
A) $2,889.
B) $250,000.
C) $250,482.
D) $300,000.
E) None of the above.
Correct Answer:
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