a lolal on taxable income WILNO BK, year taxpayer, purc igible personally regard to a Section 179 deduction was $92,600. Which of the following statements is true? Multiple Choice BK can elect to expense the $128,300 cost of the personalty under Section 179 but can deduct only $92,600 of the expense. BK can elect to expense only $35,700 of the cost of the personalty under Section 179. ( BK can elect to expense the $128,300 cost of the personalty under Section 179 but can deduct only $35,700 of the expense. O > BK can elect to expense only $92,600 of the cost of the personalty under Section 179