Aggie Co$.$ purchased $$2,000,000$ of qualifying property in $2024.$ How much may Aggie expense, and how much must Aggie capitalize?

Group of answer choices

Expense $$2,000,000$; capitalize $$0$

Expense $$1,000,000$; capitalize $$1,000,000$

Expense $$1,220,000$; capitalize $$780,000$

Expense $$780,000$; capitalize $$1,220,000$