In 2017, Rydin Company Purchased One Asset Costing $38,400 and Elected

Multiple Choice

In 2017, Rydin Company purchased one asset costing $38,400 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 2018, 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 2018 Section 179 deduction. 

A)  $17,400
B)  $1,000,000
C)  $1,007,400
D)  $0