Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000. Which of the following statements is true to maximize Littman's total depreciation deduction for 2019? (Use MACRS Table 1.)
A. Littman's §179 expense will be greater than $100,000.
B. Littman's §179 expense will be less than $100,000.
C. Littman should take §179 expense equal to the maximum $1,000,000.
D. Littman should take no §179 expense.
E. None of the choices are correct.
Answer: B
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