Question: Silver Leaf, a retail bakery, traded two ovens having a total adjusted basis of $ 6 8 0 for a new oven costing $ 1

Silver Leaf, a retail bakery, traded two ovens having a total adjusted basis of $680 for a new oven costing $1,320. They received an $800 trade-in allowance for the old ovens and paid $520 in cash for the new oven. The bakery also traded a used van with an adjusted basis of $4,500 for a new van costing $9,000. They received a $4,800 trade-in allowance on the used van and paid $4,200 in cash for the new van. What portion of the new properties bases qualifies for the Section 179 deduction?
A. $0B. $520C. $4,200D. $4,720

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