20. Salvatore owns a business that he operates as a sole proprietor. In 2023, Salvatore's business has $850,000 of Business Income (Net Income) before consideration of any 179 expense deduction. During 2023, the company spends $2,990,000 on new equipment. Determine Salvatore's 179 expense deduction for 2023. a) $1,160,000 Ob) $2,990,000 c) $310,000 d) $850,000 Oe) $1,060,000