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Business, 18.11.2019 23:31 GreenHerbz206

Mckenzie purchased qualifying equipment for his business that cost $261,800 in 2019. the taxable income of the business for the year is $111,500 before consideration of any § 179 deduction. if an amount is zero, enter "0". a. calculate mckenzie’s § 179 expense deduction for 2019 and any carryover to 2020. § 179 expense deduction for 2019: $ § 179 carryover to 2020: $ b. how would your answer change if mckenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using § 179 expensing? hint: see concept summary 8.5. § 179 expense deduction for 2019: $ § 179 carryover to 2020: $

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