Allen Corporation Acquired 5-Year Property Costing $150,000 on September 10,2015

question 17

Multiple Choice

Allen Corporation acquired 5-year property costing $150,000 on September 10,2015.This is the only property acquired this year and Allen elects to expense the maximum amount under Section 179.Allen's income before deducting depreciation is $15,000.What is the maximum amount that Allen can deduct in 2015 for Section 179 expensing?

• A)$10,000
• B)$15,000
• C)$20,000
• D)$25,000

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