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Question 31 TRX Corp placed the following assets into service during 2020: $920,000 of equipment (April 23), $500,000 of trucks (May 1), $1,400,000 of machinery (May 15), and a new $600,000 warehouse (August 8)

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Question 31 TRX Corp placed the following assets into service during 2020: $920,000 of equipment (April 23), $500,000 of trucks (May 1), $1,400,000 of machinery (May 15), and a new $600,000 warehouse (August 8). The company's taxable income relevant for determining the Sec. 179 deduction is $1,000,000. What is TRX Corp's maximum Sec. 179 deduction? $1,040,000 $1,000,000 $210,000 $810,000 $260,000