10. Unreimbursed expenses of an employee are considered to be deductions A. For AGI B. From AGI C. For AGI or from AGI, depending on the type of expenditure D. From AGI but not subject to any percentage limitation E. None of the above 11. Taxpayer purchased and placed in service two machines (seven year assets) during 2019 -- Machine A for $50,500 in May and Machine B for $70,000 in October. Taxpayer acquired no other fixed assets during 2019. What depreciation deduction will Taxpayer claim for Machine A on his 2020 Form 1040? $ 7,500 12,370 9,010 19,250 None of the above A. B. C. D. E. 12. Taxpayer, an owner of three rental houses, purchased a refrigerator for one of his houses at a cost of $2,000. Assume that the item was acquired on May 11, 2020 and immediately placed in service. What maximum IRC 179 election may Taxpayer claim on his/her 2020 federal income tax return? A. $ 2,000 B. 750 C. 0 D. 1,000 E. None of the above