Pyle Inc, a Calendar Year Taxpayer, Generated Over $10 Million Taxable

Multiple Choice

Pyle Inc., a calendar year taxpayer, generated over $10 million taxable income in 2014. Pyle made one asset purchase: new transportation equipment costing $322,000. The equipment has a 5-year recovery period and was placed in service on February 9. Assuming that Pyle made the Section 179 election with respect to the equipment, compute Pyle's 2014 cost recovery deduction.

A) $193,200
B) $322,000
C) $64,400
D) None of the above