Question Content Area

During $2023,$ Travis purchases $$43,000$ of used manufacturing equipment $(7-$year property$)$ for use in his business, his only asset purchase that year. Travis has taxable income from his business of $$51,000$ before any cost recovery. What is the maximum amount that Travis may deduct under Section $179$ election to expense?

a$.$ $$6,145$

b$.$ $$51,000$

c$.$ $$43,000$

d$.$ $$0$