McKenzie purchased qualifying equipment for his business that cost $415,500 in 2020. The taxable income of the business for the year is $159,100 before consideration of any 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's 179 expense deduction for 2020 and any carryover to 2021. $ 179 expense deduction for 2020: $ $ 179 carryover to 2021: $ 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 8.4. 179 expense deduction for 2020: $ 0 $ 179 carryover to 2021: $ 0 Feedback Check My Work Section 179 (Election to Expense Certain Depreciable Business Assets) permits the taxpayer to elect to write off a certain amount of the acquisition cost of tangible personal property used in a trade or business