Buy Yavih x A DOC) Acc360 Test Two Cox Exercise 3-26 LO. 3) McKenx + signment/takeAssignmentMain.do?invokerStakeAssignmentSessionLocator &inprogress-false ebook Calculator Printem Exercise 8-26 (LO ) McKenzie purchased qualifying equipment for his business that cost $212,000 in 2019. The taxable income of the business for the year is 55,600 before consideration of any $ 179 deduction If an amount is zero, enter "0". a. Calculate McKenzie's 5 179 expense deduction for 2019 and any carryover to 2020. $ 179 expense deduction for 2019: 5 ,600 5 179 carryover to 2020: 206,600 X b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using 179 expensing? Hint See Concept Summary 8.5, 5179 expense deduction for 2019: $ 0 5 179 carryover to 2020: 0 Check Section 179 (lection to Expense Certain Depreciable Business Assets) permits the taxpayer to elect to write off a certain amount of the acoustion cost of tangible personal property used in a trade or business Dedy more Check My Work uses remaining.