11. Owen a single taxpayer, who does not itemize deductions and operates a business as a sole proprietor. During 2019, the net income of Owen's business generated $140,000 of business income, $40,000 of deductible business expenses, and $1,000 of interest income from his business deposits. What is the amount of Owen's QBI deduction? A. $17,760 B. $20,000 C. $20,200 D. $28,200 E. None of the amounts listed. 12. Which of the following statements concerning MACRS depreciation expense (cost recovery) is true? A. MACRS depreciation for the year in which an asset is placed in service or sold is based on the number of days the asset was used in the year. B. MACRS depreciation for buildings is not accelerated but is computed using the straight-line method. C. The recovery period under MACRS is based on the estimated useful life of the asset under consideration. D. Salvage value is considered in computing MACRS depreciation. E. None of the above