On January 20, 2019, Javier Sanchez purchased and placed in service a new 7-year class asset costing $383,600 for use in his tandscaping 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 2018, his business generated a net income of $460,320 before any 5 179 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 Sanches can claim with respect to this asset in 2019 and 2020. Total cost recovery deduction in 2019: Total cost recovery deduction in 2020: 5 b. Complete Javier's Form 4562 (Page 1) for 2019, Nota: For 2019, the maximum $ 179 | $1,020.000 and the threshole amount is $2.550,000 it an amount is rero, entero. Enter amounts as positive numbers. OM NO 2545 4562 Depreciation and Amortization Form 2019 (Including Information on Listed Property) Attach to your tax retur. Department of the Treasury Information about Form 4562 and its separate instructions is at www. Internal Revenue Service (99)