Please be sure that your answer is correct, If you do not know the answer, do not give me wrong answer thank you :)

s

3. During 2020, calendar year Corp. A purchases office furniture costing $20,000, machinery costing $90,000, computers costing $12,000, and an office building costing $1,060,000, $100,000 of which is allocated to land. These are the only acquisitions of depreciable property acquired during the year. What is the maximum Code Sec. 179 deduction available for 2020? A. $102,000 B. 90,000 C. 112,000 D. 100,000 E. None of the above 4. A self-employed taxpayer using the IRS vehicle standard mileage rate for trade or business use of an automobile is permitted to increase the computed mileage method deduction amount by which of the listed actual expenditure amounts? A Tolls only B Local property taxes only Parking fees only D Tolls and parking fees only E All of the listed costs may be deducted Do not assume that a taxpayer makes an IRC 179 election or uses bonus depreciation unless a problem so states. For each question you answer, insert in the appropriate space on the separate answer sheet the letter which indicates the correct response. Please note than all final answers have been rounded to the nearest $10