Aaron has a successful business with $50,000 of income in 2022. 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 2022 for the new asset?

a. Typical MACRS depreciation

b. Section 179 immediate expensing

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

d. Bonus depreciation