Aaron has a successful business with $50,000 of income in 2020. He purchased a new 7-year MACRS property with a cost of $7,000. For tax purposes, what cost recovery will provide the largest amount Aaron can deduct in 2021 for the new asset?

a. Typical MACRS depreciation

b. MACRS, bonus, and Section 179 will all result in an equal amount

c. Bonus depreciation

d. Section 179 immediate expensing

e. Bonus and Section 179 will result in an equal amount