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During the current year, Jamu, Inc., purchased and placed into service $3,100,000 worth of capital equipment. The company profit was $410k. What is the maximum
During the current year, Jamu, Inc., purchased and placed into service $3,100,000 worth of capital equipment. The company profit was $410k. What is the maximum amount the company can elect to expense under Section 179, and how much of that elected expense will be carried over for next year's taxes?
Max. Election Carry Over
A. $1,020,000. $610,000
B. $410,000. $550,000
C. $410,000. $610,000
D. $470,000 $2,690,000
E. $470,000. $60,000
F. $3,100,00 $2,690,000
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