4. In 2019, Fryer Automotive Distributors acquires a trademark from one of its manufacturers legal fees to secure ownership. Fryer did NOT acquire any other assets during 2019. In 2019, the maximum $179 deduction is $1,020,000 but is then limited when the total costs of all qualifying assets placed in service exceeds $2,550,000. Assume Fryer has no carryforward $179 deduction and has $21 million of taxable income before the current year $179 deduction. What is Fryer's $179 deduction for 2019? a. $0 b. $880,000 c. $2,690,000 d. None of the above 5. Which of the following is NOT a MACRS convention? a. Full Month. b. Mid-Quarter. c. Mid-Month d. All of the above are MACRS conventions