Assume that a company purchased $2,750,000 of equipment. The company wants to use section 179 for one item, a used truck (5 yr property) that has a basis of $200,000. The other items will be depreciated using bonus depreciation. After applying bonus depreciation, the company has $135,000 of business income. How much section 179 depreciation can be taken on the truck?

-0-

135,000

200,000

40,000