Craig purchases and places in service in 2022 personal property costing 52.710,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation. What is the maximum Sec. 179 deduction that Craig can deduct, ignoring any taxable income limitation? A) $2,710,000 B) $0 C) 51,070,000 D) 51,080.000 QUESTION 4 Kristine exchanges business land with a $100,000 adjusted basis for $10,000 cash and business land with a 596,000 FMV What is the amount of gain recognized on the exchango? A) 50 B) 54.000 C) 56,000 D) 510.000