3. If a calendar-year company purchases over $2,620,000 of equipment during 2021, not including buildings, the maximum Section 179 deduction of $1,050,000 is ... a. reduced by the amount found in the appropriate IRS table. b. reduced dollar for dollar by the amount of equipment purchased above $2,620,000. c. eliminated. d. still permitted, but no depreciation can be taken for the year