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In 2016, Company W elected under Section 179 to expense $19,300 of the cost of...

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Accounting

In 2016, Company W elected under Section 179 to expense $19,300 of the cost of qualifying property. However, it could deduct only $15,000 of the expense because of the taxable income limitation. In 2017, Company Ws taxable income before any Section 179 deduction was $812,000.

How to compute question b?

b. Compute its 2017 Section 179 deduction if the total cost of qualifying property purchased in 2017 was $508,000.

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