In 2018,Rydin Company Purchased One Asset Costing $48,400 and Elected

Multiple Choice

In 2018,Rydin Company purchased one asset costing $48,400 and elected to expense the entire cost.However,Rydin could only deduct $21,000 of the Section 179 expense because of the taxable income limitation.In 2019,Rydin purchased tangible personalty costing $990,000.Rydin's taxable income without regard to any Section 179 deduction was $1,912,400.Compute Rydin's 2019 Section 179 deduction.

A) $27,400
B) $1,020,000
C) $1,047,400
D) $0