Joe Moran worked in the construction business

throughout most of his career. In June of the current year, he

sold his interest in Ajax Enterprises LLC for a profit of $300,000.

Shortly thereafter, Joe started his own business, which involves

the redevelopment of distressed residential real estate.

In connection with his new business venture, Joe pur-

chased a dump truck at a cost of $70,000. The new business

struggled and showed a net operating loss for the year. Joe

is considering expensing the $70,000 cost of the truck under

179 on this years tax return.

Question Evaluate Joes plan.

Please answer ASAP