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need answer as soon as possible please! In 2021, Rydin Company purchased one asset costing $48,400 and elected to expense the entire cost. However, Rydin
need answer as soon as possible please!
In 2021, 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 2022, Rydin purchased tanglble. personalty costing $1,090,000. Rydin's taxable income without regardito any Section 179 deduction was $1,912,400. Compute Rydin's 2022 Section 179 deduction. Muitiple Choicen $27,400 51,080,000 51.067.400 50 Step by Step Solution
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