Question: QUESTION 2 3 You purchase a machine for $ 3 , 3 2 0 , 0 0 0 and place it in service in August

QUESTION 23You purchase a machine for $3,320,000 and place it in service in August 15,2024. It qualifies for Sec. 179 but not for bonus depreciation. You determine it should be were purchased in the year. The business profit for the year is $1,000,000. What is the current year's maximum Section 179 deduction? (I do not want maximum depr $491,028$1,000,000 $950,000 $1,992,000 $1,220,000

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