Broadus, a Calendar Year Taxpayer, Purchased a Total of $128,300

question 41

Multiple Choice

Broadus, a calendar year taxpayer, purchased a total of $128,300 tangible personalty in 2018. Broadus' taxable income without regard to a Section 179 deduction was $92,600. Which of the following statements is true? 

• A) Broadus can elect to expense only $92,600 of the cost of the personalty under Section 179.
• B) Broadus can elect to expense the $128,300 cost of the personalty under Section 179 but can deduct only $92,600 of the expense.
• C) Broadus can elect to expense only $35,700 of the cost of the personalty under Section 179.
• D) Broadus can elect to expense the $128,300 cost of the personalty under Section 179 but can deduct only $35,700 of the expense.