Question: Which statement is true about Section 1 7 9 Expense? Group of answer choices Section 1 7 9 allows a business to expense ( fully

Which statement is true about Section 179 Expense?
Group of answer choices
Section 179 allows a business to expense (fully deduct) the cost of personalty placed into service during a year up to certain limits, as long as the total amount of personalty placed into service is below a different, higher limit
Section 179 allows any taxpayer to deduct the cost of personalty purchased during the year, up to certain limits
Section 179 requires that rental real estate be depreciated over 27.5 years
Section 179 cannot be used in the same year that bonus depreciation is used

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