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In 2 0 2 2 , Flynn s business had net income, without respect to depreciation, of $ 5 0 0 , 0 0 0

In 2022, Flynns business had net income, without respect to depreciation, of $500,000. He put into service $300,000 of new assets. He bought new equipment, that was used 100% for his business costing $300,000, that was placed in service on 8/1/2022. How much of a Section 179 depreciation expense can Flynn take on his Federal Income Tax Return in 2022?

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