tax

(5 points) Identify whether the following transactions would be eligible for $179 treatment. a. Psych Inc. suffered a net loss this year before consideration of the $179 deduction. Spencer Co. placed into service $6,000,000 of qualified $179 property during the year. Pineapple Corp. placed into service $350,000 of qualified $179 equipment Woody Inc, purchased $200,000 of qualified $179 equipment on the last day of the taxable year