In 2007, the Harry Corporation purchased and placed in service office furniture costing $150,000.What amount can Harry Corporation elect to expense under Section 179 if

a. this is the only asset placed in service this year by Harry Corporation.

b. in addition to the $150,000 of office furniture, Harry Corporation also acquired and placed in service $400,000 of factory equipment during the year.

c. in addition to the $150,000 of office furniture, Harry Corporation also acquired and placed in service $500,000 of factory equipment during the year.

AppendixLO1