During the year 2020, a calendar-year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows:Date Asset ___ _ Cost___March 35 Year Property $600,000October 95 Year Property $2,200,000For 2020, Marvelous Munchies has taxable income equal to $910,000 unless you are told differently in a question below. Each scenario below is independent of the others unless you are told otherwise in the question.

a. What is the maximum depreciation that may be deducted for the assets this year, 2020, assuming Sec. 179 expensing and bonus depreciation are not claimed? $_____________________________

b.What is the maximum Sec. 179 deduction allowed for 2020 assuming that Sec. 179 is elected? $______________________________

c. If the taxpayers taxable income was $600,000 rather than $910,000, how much Sec. 179 carryover would pass to the next tax year using the facts from b. above?$______________________________

d. What is the maximum depreciation that may be deducted for the assets this year, 2020, assuming both Sec. 179 expensing and bonus depreciation are claimed? $_______________________________