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In 2 0 2 2 , Rydin Company purchased one asset costing $ 4 8 , 4 0 0 and elected to expense the entire

In 2022, Rydin Company purchased one asset costing $48,400 and elected to expense the entire cost. However, Rydin could only deduct $21,000 of the Section 179 expense because of the taxable income limitation. In 2023, Rydin purchased tangible personalty costing $1,150,000. Rydin's taxable income without regard to any Section 179 deduction was $1,912,400 in 2023. Compute Rydin's 2023 Section 179 deduction.

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