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Allen Corporation Acquired 5-Year Property Costing $150,000 on September 10,2015

Question 17

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Allen Corporation acquired 5-year property costing $150,000 on September 10,2015.This is the only property acquired this year and Allen elects to expense the maximum amount under Section 179.Allen's income before deducting depreciation is $15,000.What is the maximum amount that Allen can deduct in 2015 for Section 179 expensing?


A) $10,000
B) $15,000
C) $20,000
D) $25,000

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