Exercise 8-26 (LO. 3) McKenzie purchased qualifying equipment for his business that cost $212,000 in 2019. The taxable income of the business for the year is $5,600 before consideration of any 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's 179 expense deduction for 2019 and any carryover to 2020. 212,000 X 179 expense deduction for 2019: $ 5,600 S 179 carryover to 2020: $ 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. S 179 expense deduction for 2019: $ 179 carryover to 2020: $