During 2020, Jessica purchased and placed in service the following fixed assets for her business:

* Furniture and fixtures (new) costing $21,000 on January 10

* Computer equipment (new) costing $12,400 on July 28

Jessica's business income for 2020, before any cost recovery on the assets, is $137,000.

REQUIRED:

Complete separate solutions on Form 4562 for the following scenarios. (You will turn in three copies of Form 4562 (page 1 only), one for each scenario.) Label each form appropriately with the scenario number.

1) Jessica chose to elect immediate expensing under Section 179, if possible.

2) Jessica elected to use any available additional first-year depreciation, instead of Section 179.

3) Jessica does not want to use either Section 179 or bonus depreciation on the new assets in 2020.