In 2011, Gail had a § 179 deduction carryover of $25,000.In 2012, she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2012 is $142,000.Determine Gail's § 179 deduction for 2012.
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 2011, Gail had a § 179 deduction carryover of $25,000.In 2012, she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2012 is $142,000.Determine Gail's § 179 deduction for 2012.
A)$25,000.
B)$115,000.
C)$130,000.
D)$140,000.
E)None of the above.

In 2011, Gail Had a § 179 Deduction Carryover of $25,000.In