Question 4 An example of an expense allowed as a deduction under Code Sec. 162(a) would be: Oan expense incurred while operating an illegal gambling business. a government imposed penalty. O both a and b. ONeither a nor b. correct Question 5 0/ 1 pts During 2015, Klecker, Inc. placed in service a new machine costing $2,100,000. How much can Klecker elect to immediately expense in 2015 under Code Sec. 179? $390,000 $500,000 $410,000 O $400,000 0/1ntc