Can anyone please help me answer the following questions? please provide an explanation for each. thank you so much.

20. If an expenditure is part business-related and part personal:

1. The entire expenditure is deductible for tax purposes.
2. No part of the expenditure is deductible for tax purposes.
3. The personal portion of the expenditure may be deductible for tax purposes.
4. Only the business-related portion of the expenditure is deductible for tax purposes.

21. For MACRS depreciation purposes, autos and light-duty trucks are depreciated over what period?

1. Three years
2. Five years
3. Ten years
4. Fifteen years

22. During 2020, a corporation purchased machinery costing $205,000. This is the only acquisitions of depreciable property purchased by the corporation in 2020. The maximum deduction the corporation can claim under Code Sec. 179 in 2020 is:

1. $25,000
2. $20,000
3. $205,000
4. $200,000

23. In January of this year, a corporation purchased residential real estate (an apartment building) at a total cost of $250,000. Of this amount, $50,000 was allocated to the underlying land, and therefore $200,000 was depreciable. What is the corporation's allowable depreciation deduction for the current year under

MACRS?

1. $5,128
2. $6,970
3. $4,915
4. $7,273
5. none of the above

24. Heizenburg Chemistry Labs Inc. purchased new five-year MACRS depreciable property in 2020 at a cost of $1,900,000. The property is eligible for section 179 depreciation and bonus depreciation, and Heizenburg elects to take the largest possible deduction. The property is depreciated using the standard MACRS half-year convention. What will be the deduction for bonus depreciation with respect to the property for 2020?

1. $1,900,000
2. $860,000
3. $1,040,000
4. $500,000
5. $1,200,000