In 2014, Rydin Company Purchased One Asset Costing $38,400 and Elected

Multiple Choice

In 2014, 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 2015, Rydin purchased tangible personalty costing $80,000. Rydin's taxable income without regard to any Section 179 deduction was $912,400. Compute Rydin's 2015 Section 179 deduction.

A) $17,400
B) $25,000
C) $42,400
D) $0