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.

Multiple Choice

$$27,400,$ with no carryover to the next tax year $(2024).$

$$1,160,000,$ with a carryover of $$17,400$ to the next tax year $(2024).$

$$1,150,000,$ with a carryover of $$27,400$ to the next tax year $(2024).$

$$1,174,400,$ with no carryover to the next tax year $(2024).$