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McKenzie purchased qualifying equipment for his business that cost $272,400 in 2018. The taxable income of the business for the year is $131,900 before consideration
McKenzie purchased qualifying equipment for his business that cost $272,400 in 2018. The taxable income of the business for the year is $131,900 before consideration of any 5 179 deduction. If an amount is zero, enter "O. a. McKenzie's s 179 expense deduction is $ for 2018. His $ 179 carryover to 2019 is$ b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment? Hint: See Concept Summary 8.5 McKenzie's 179 expense deduction is for 2018. His 5 179 carryover to 2019 is $
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