On April $20,2020,$ Javier Sanchez purchased and placed in service a new $7-$year class asset costing $$431,600$ for use in his landscaping

business, which he operates as a single member LLC $($Sanchez Landscaping LLC$).$

Rather than using bonus depreciation, Javier would like to use $179$ to expense $$200,000$ of this asset and then use regular MACRS to cost

recover the remaining cost. During $2020,$ his business generated a net income of $$517,920$ before any $179$ immediate expense election.

If required round your intermediate computations and final answers to the nearest dollar. Click here to access the

depreciation table to use for this problem.

a$.$ Determine the cost recovery deductions $($including first year additional depreciation$)$ that Javier Sanchez can claim with respect to this

asset in $2020$ and $2021.$

Total cost recovery deduction in $2020$: $

Total cost recovery deduction in $2021$:$$|$

b$.$ Complete Javier's Form $4562($page $1)$ for $2020.$

Note: For $2020,$ the maximum $179$ is $$1,040,000$ and the threshold amount is $$2,590,000.$ If an amount is zero, enter $"0".$ Enter

amounts as positive numbers.