Song Company, a Calendar Year Taxpayer, Purchased a Total of $2,674,400

question 40

Multiple Choice

Song Company, a calendar year taxpayer, purchased a total of $2,674,400 tangible personalty in 2020. How much of this cost can Song elect to expense under Section 179?

• A) -0-
• B) $1,040,000
• C) $2,674,400
• D) $955,600

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