Allen Corporation acquired 5-year property costing $150,000 on September 10, 2018. This is the only property acquired this year, and Allen elects to expense the maximum amount under Section 179. Allens income before deducting depreciation is $15,000. What is the maximum amount that Allen can deduct in 2018 for Section 179 expensing?

Question 3 options:

1)

$10,000

2)

$15,000

3)

$25,000

4)

$150,000