of $8,000 and $19,000, respectively Facts and information listed below is needed to resolve questions below Carol purchased the following assets during the year. Asset Cost Date Purchased Equipment (7 year property) 1,150,000 2/1/19 Computers (5 year property) 125,000 7/9/19 Machinery (7 year property) 1,500,000 8/20/19 Office Building 7,500,000 10/25/19 Office Furn. (7 year property) 95,000 12/29/19 Calculate the maximum amount of Section 179 deduction that Sara is eligible to take based on these purchases? A. $2,550,000 B. $1,020,000 C. $125,000 D. None E. $700,000 I Assume Carol net business income before taking a Section 179 deduction is $500,000? Which of the following statements is true: A. Carol's section is not limited because she purchased more than $1,020,000 of assets B. Carol cannot take a Section 179 because she acquired $10,370,000 of assets during the year C. Carol's Section 179 deduction is limited to $500,000. D. Carol in not eligible to take any bonus depreciation because she made a Section 179 election. E. All of the statements above are false