4 5 points Skipped Michael is the sole proprietor of a small business. In June 2020, his business income is $12,000 before consideration of any 179 deduction. He spends $245,000 on furniture and equipment in 2020. If Michael elects to take the $179 deduction and no bonus on a conference table that cost $25,000 (included in the $245,000 total). (Use Table 6A-1 and Table 6A-2) Required: Determine the maximum cost recovery for 2020 with respect to the conference table: (Round your intermediate calculations to the nearest whole dollar amount.) Maximum cost recovery eBook Print References