Daniel Corporation has income of $50,000 before considering any allowed deductions on a truck he purchased 12/31/2020. Which of the following statements is true? Daniel Corporation may take a section 179 election to expense deduction of $50,000. Under the half-year convention, Daniel Corporation is ineligible for the section 179 election to expense deduction. Daniel Corporation is ineligible for the section 179 election to expense deduction if the truck is a used truck when purchased. Daniel Corporation may take a section 179 election to expense deduction of $75,000