Question: Question Content Area In 2 0 2 3 , Mei had a 1 7 9 deduction carryover of $ 3 0 , 0 0 0

Question Content Area In 2023, Mei had a 179 deduction carryover of $30,000. In 2024, she elected 179 for an asset acquired at a cost of $115,000. Mei's 179 business income limitation for 2024 is $140,000. Determine Mei's 179 deduction for 2024. a. $115,000 b. $140,000 c. $25,000 d. $130,000

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