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

Aggie Inc. purchased $4,000,000 of qualifying property in 2024. How much may Aggie expense, and how much must Aggie capitalize?
Group of answer choices
Expense $270,000; capitalize $3,730,000
Expense $3,730,000; capitalize $270,000
Expense $4,000,000; capitalize $0
None of the above

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