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In 2019, Firm L purchased machinery costing $21,300 and elected to expense the entire cost under Section 179. How much of the expense can Firm

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In 2019, Firm L purchased machinery costing $21,300 and elected to expense the entire cost under Section 179. How much of the expense can Firm L deduct in each of the following cases? a. How much of the expense can Firm L deduct if its taxable income before the deduction was $58,000 b. How much of the expense can Firm L deduct if its taxable income before the deduction was $19,200. c. How much of the expense can Firm L deduct if its net operating loss (NOL) before the deduction was $5,016 Complete this question by entering your answers in the tabs below. Required A Required B Required C How much of the expense can Firm L deduct if its taxable income before the deduction was $58,000. Deduction

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