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help with #4 and its referring to number 2 its right there 2. In August 2020, Connie acquired, and placed into service, a business asset

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help with #4 and its referring to number 2 its right there 2. In August 2020, Connie acquired, and placed into service, a business asset costing $2,650,000. The asset is classified as 5- year property. No other acquisitions are made during the year. Calculate Connie's total deduction for depreciation, assuming she does not elect bonus depreciation but elects to take the Sec. 179 deduction. Assume she has ample taxable income in 2020. (10 points) 3. Assume that Connie's business net income from question 2 was only $750,000 in 2020, and that she elects to depreciate the excess Sec. 179 expense using MACRS instead of carrying it forward. What is Connie's total deduction for depreciation in 2020? (8 points) 4. Refer to problem number 2 again. What is the gain or loss if Connie sold the asset on April 18, 2021 for $1,350,000? (6

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