Various equipment was purchased and placed in service this year in the amount of $3,000,000. Taxable income before the 179 deduction was $800,000. Indicate the amount of deduction under the Section 179 election. Use 2021 Rules - Max 179 election is $1,050,000 and phaseout begins at $2,620,000 and ends at $3,670,000. What is the max 179 election allowed? a. No 179 election is allowed b. $420,000 O c. $670,000 d. $380,000 e. $130,000 Of. $800,000