Need help! This is Fed Income Tax 2020

Gilda purchased a computer used in her business on 5/1/2018 for $5000. She sold it for $3,000 on 1/5/2020. Which of the following is/are true.

Select one or more:

a. The net cash outflow between 2018 and 2020 is $2000.

b. If Gilda chooses to deduct the entire cost of the computer under bonus depreciation, she recognizes a long term capital gain of $3000 in 2020.

c. If Gilda chooses to deduct the entire cost of the computer under bonus depreciation, her adjusted basis in the computer is zero.

d. If Gilda is in a high tax rate in 2018, she would generally prefer to depreciate the cost of the computer rather than deduct it under bonus depreciation

e. If Gilda has a net loss from her business this year, she would generally prefer to deduct the cost of the computer in 2018.

f. If Gilda chooses to deduct the entire cost of the computer under bonus depreciation, her deduction is $5000 in 2018 and she has section 1245 gain of $3000 in 2020.

g. If Gilda chooses to deduct the entire cost of the computer under bonus depreciation, the effect on her combined taxable income in 2018, 2019 and 2020 is a $2000 deduction-- the same as the cash flow.

h. If instead Gilda depreciates the asset over its 5 year recovery period instead, the effect on her combined taxable income for 2018, 2019 and 2020 will be a net decrease of $2000

Mindy purchased a house on 4/1/2016 for $800,000 (building only). She lived in it until 8/1/2020 when she started renting it out. She added a swimming pool on 1/1/2018 for $30,000. The FMV on 8/1/2020 was $700,000. Which of the following is/are true?

Select one or more:

a. The MACRS depreciation expense for 2020 is $9548.

b. The depreciation for 2020 is $9957

c. The depreciation for 2020 is $10,912

d. The depreciation for 2020 $11,321

e. If the swimming pool were added instead on December 1, 2020 the depreciation for 2020 would be $9593.