McKenzie purchased qualifying equipment for his business that cost $346,600 in 2018. The taxable income of the business for the year is $140,400 before consideration of any § 179 deduction.

If an amount is zero, enter "0".

McKenzie's § 179 expense deduction is $________for 2018. His § 179 carryover to 2019 is________

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 § 179 carryover to 2019 is $___________