Problem: During the current tax year, Rod purchased a building for exclusive use in his manufacturing business. The cost of the property was $422,000, of which $122,000 was attributable to the land. Which of the following statements identifies the proper treatment of the expenditure? A) The $300,000 attributable to the building may be currently deductible. B) The cost attributable to the building may be deducted under Section 179. C) The $122,000 must be capitalized and may be depreciated. D) The $122,000 must be capitalized and may not be depreciated.