Littman LLC Placed in Service on July 29, 2020, Machinery

Multiple Choice

Littman LLC placed in service on July 29, 2020, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000. Which of the following statements is true to maximize Littman's total depreciation deduction for 2020? (Use MACRS Table 1.)

A) Littman should take §179 expense equal to the maximum $1,040,000.
B) Littman should take no §179 expense.
C) Littman's §179 expense will be greater than $100,000.
D) Littman's §179 expense will be less than $100,000.
E) None of the choices are correct.