Song Company, a calendar year taxpayer, purchased a total of $214,400 tangible personal property in 2022. In 2022, Song had an operating loss of $100,000. How much of this cost can Song elect to expense under Section 179?

Song Company, a calendar year taxpayer, purchased a total of $214,400 tangible personal property in 2022. In 2022, Song had an operating loss of $100,000. How much of this cost can Song elect to expense under Section 179