Ashley purchases the following assets during 2020. All of the assets were purchased directly from their manufacturers. Asset Tax Life Date Purchased Purchase Price Computer hardware 5-year property 02/19/2020 $250,000 Equipment 7-year property 03/01/2020 $ 75,000 Office furniture 7-year property 08/01/2020 $225,000 Billboard 15-year property 07/08/2020 $20,000 Rental Office Building 39-year property 06/30/2020 $200,000 1) Compute the maximum depreciation deduction for 2022 (Year 3!) if Ashley does not elect to use Sec. 179 or bonus depreciation. 2) Assume Ashley sells the computer hardware on February 1, 2023, for $92,000. What is the amount of her gain/loss on the sale? Enter loss as a negative. 3) If Ashley elected to use Sec. 179 on the computer hardware and bonus depreciation on the remaining eligible assets what would her depreciation expense be for 2020 (including the Sec. 179 and bonus depreciation)? Ashley purchases the following assets during 2020. All of the assets were purchased directly from their manufacturers. Asset Tax Life Date Purchased Purchase Price Computer hardware 5-year property 02/19/2020 $250,000 Equipment 7-year property 03/01/2020 $ 75,000 Office furniture 7-year property 08/01/2020 $225,000 Billboard 15-year property 07/08/2020 $20,000 Rental Office Building 39-year property 06/30/2020 $200,000 1) Compute the maximum depreciation deduction for 2022 (Year 3!) if Ashley does not elect to use Sec. 179 or bonus depreciation. 2) Assume Ashley sells the computer hardware on February 1, 2023, for $92,000. What is the amount of her gain/loss on the sale? Enter loss as a negative. 3) If Ashley elected to use Sec. 179 on the computer hardware and bonus depreciation on the remaining eligible assets what would her depreciation expense be for 2020 (including the Sec. 179 and bonus depreciation)