4. Gary purchased equipment (5-year property) in 2018 for $700,000. Sec. 179 is not elected and he elected out of bonus depreciation. He sells the property in 2020. What is the depreciation deduction for 2020?

a. $134,400

b. $112,000

c. $ 70,000

d. $ 67,200

e. None of the answers provided is correct.

** The answer is D need to know how it was calculated only? **