Mike purchased and placed in service a business asset (seven-year property) on September 15, 2021, at a cost of $2,690,000. This is the only asset he purchased during the year. Mike had taxable income before cost recovery deductions of $960,000. What is the maximum amount of Section 179 that Mike can deduct on his 2021 tax return? a. $1,050,000 b.$2,620,000 c. $960,000 d. $980,000