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A small company has purchased Section 179-qualifying assets for $740000 during the year. How much money will be saved in taxes during year 1 if the following data apply: Depreciation in year 1 if Section 179 is NOT used = $185000 Loan repayment =$59000 Interest payment on loan =$25000 $117750 $246000 $185000 $138750 A small company has purchased Section 179-qualifying assets for $740000 during the year. How much money will be saved in taxes during year 1 if the following data apply: Depreciation in year 1 if Section 179 is NOT used = $185000 Loan repayment =$59000 Interest payment on loan =$25000 $117750 $246000 $185000 $138750