ABC Corporation purchased various items of depreciable tangible personal property—with a total cost of $3.26 million—for use in its business in 2022. Assume that ABC has taxable income (without regard to the Section 179 expense) of $290,500 this year. What is the maximum Section 179 deduction that ABC may claim in the current year?

A) $290,500

B) $3,260,000

C)  $450,000

D) $150,000

Answer rating: 100% (QA)

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