Nick provided the following complete information on his business asset purchases over a three year period: 2018 . On September 20th purchased a used computer system (5 year life) for $6,000, estimated salvage value was $2,000. Did not take 179 expense or bonus depreciation. . 2019 No purchases 2020 . On February 15, purchased new manufacturing equipment (7 year life) for his business costing $1.290.000, estimated salvage value was $500,000 On April 12th, purchased a four-unit apartment building for $900,000 which included a land value of $250,000. Nick's 2020 taxable income from his business, before any cost recovery deductions, was $500,000. He elected to maximize all cost recovery deductions, except bonus depreciation which he opted out of, in 2020. What are the deductible MACRS and 179 amounts for 2020? In the text box that follows, please bold your answers at the top and any supporting work afterwards so that I can award partial credit. Nick provided the following complete information on his business asset purchases over a three year period: 2018 . On September 20th purchased a used computer system (5 year life) for $6,000, estimated salvage value was $2,000. Did not take 179 expense or bonus depreciation. . 2019 No purchases 2020 . On February 15, purchased new manufacturing equipment (7 year life) for his business costing $1.290.000, estimated salvage value was $500,000 On April 12th, purchased a four-unit apartment building for $900,000 which included a land value of $250,000. Nick's 2020 taxable income from his business, before any cost recovery deductions, was $500,000. He elected to maximize all cost recovery deductions, except bonus depreciation which he opted out of, in 2020. What are the deductible MACRS and 179 amounts for 2020? In the text box that follows, please bold your answers at the top and any supporting work afterwards so that I can award partial credit