The Charlotte Trucking Corporation purchased a fleet of new trucks and placed the trucks in service in 2020. The total cost of those trucks was $2,800,000. The trucks qualify as section 179 property, The company has taxable income of $5,000,000 before deducting depreciation. What is the company's maximum Section 179 deduction for 2020? O $500,000 $700,000 $900,000 $830,000 A Charlotte area real estate company purchased student apartments near UNC Charlotte on September 27, 2020, at a cost of $2,000,000 (not counting the cost allocated to land). The company continued to own the building on December 31, 2020. What is the cost recovery deduction on the building in 2024? $72,720 $33,630 $75,720 $68,720