Carlos is a civil engineer and started his own engineering firm called Gomez Professional Engineers

(GPE). GPE is conducted as a sole proprietorship with Carlos being the sole owner. GPE started business

on January 1, 2020 and is located at 1515 West Industrial Road Lubbock, Texas 79401 (EIN 20-1616167).

Maria is self-employed as a part-time bookkeeper.

Carlos reported the following information for GPE's business activities (GPE uses the cash method of

accounting):

Revenues:

Credit card receipts $352,000

Cash receipts 648,000

Total revenue $1,000,000

Expenses:

Advertising $5,450

Insurance-professional 15,750

Office building rent 62,000

Equipment leases 6,050

Travel 14,200

Meals and entertainment 2,980

Wages 498,725

Taxes and licenses 44,875

Employee health insurance 42,000

Employee benefit programs 14,500

Utilities 37,425

Office supplies 18,900

Legal and professional fees 15,550

Repairs and maintenance 10,000

Total Expenses $ 788,400

GPE purchased and placed in service the following fixed assets in 2020:

Item Date Purchased Amount

Laptop computers March 1 $20,500

Printers June 1 $6,500

Office furniture October 10 $19,000

GPE does not want to claim any Section 179 expensing on any of these assets, but would like to take

bonus depreciation, if available, on all the assets.

how do bonus depreciation?