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Which of the following statements regarding Sec. 179 is true? A) Amounts of the Sec....

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Accounting

Which of the following statements regarding Sec. 179 is true? A) Amounts of the Sec. 179 election in excess of the taxable income limitation are carried forward.

B) If a taxpayer places in service property costing more than the Sec. 179 ceiling on the amount of property placed in service, the excess can be carried over to subsequent years.

C) Sec. 179 carry forwards expire after five years.

D) All of the above statements are true.

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