Question: Aggie Co . purchased $ 2 , 0 0 0 , 0 0 0 of qualifying property in 2 0 2 4 . How much

Aggie Co. purchased $2,000,000 of qualifying property in 2024. How much may Aggie expense, and how much must Aggie capitalize?
Group of answer choices
Expense $2,000,000; capitalize $0
Expense $1,000,000; capitalize $1,000,000
Expense $1,220,000; capitalize $780,000
Expense $780,000; capitalize $1,220,000

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