In 2011, Gail Had a § 179 Deduction Carryover of $25,000.In

Multiple Choice

In 2011, Gail had a § 179 deduction carryover of $25,000.In 2012, she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2012 is $142,000.Determine Gail's § 179 deduction for 2012.

A) $25,000.
B) $115,000.
C) $130,000.
D) $140,000.
E) None of the above.