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Please help me with these questions, thanks Question 2 (16 points) Cruz Corporation, a calendar year, accrual method C-corporation, purchased and placed in service (PIS)

Please help me with these questions, thanks

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Question 2 (16 points) Cruz Corporation, a calendar year, accrual method C-corporation, purchased and placed in service (PIS) the following new assets on the following dates: PIS Date Asset Cost 3/20/2020 Computers $500,000 7/15/2020 Gen. manufacturing equipment $2,300,000 9/14/2020 Manufacturing building $9,000,000 Cruz Corporation purchased no other assets during 2020, and its net income for 2020 is $30,000,000 before taking cost recovery deductions into account a. What is the maximum federal cost recovery deduction Cruz Corporation may take in 2020, assuming the company elects $179 expense and elects out of bonus depreciation? Please show your work and explain your calculations. (8 points) b. What is the federal cost recovery deduction Cruz Corporation may take in 2021 on the computer asset? (NOTE: You do not need to calculate the federal cost recovery deduction on the other assets placed in 2020). Please show your work and explain your calculations. (2 points) c. What is Cruz Corporation's adjusted basis in the computers at the end of 2021? (NOTE: You do not need to calculate adjusted basis on the other assets placed in service in 2020). Please show your work and explain your calculations. (2 points) d. How would your answer to question 2(a) above change if Cruz Corporation did NOT elect out of bonus depreciation in 2020? That is, what is the maximum federal cost recovery deduction Cruz Corporation may take in 2020, assuming the company elects $179 expense and does NOT elect out of bonus depreciation? Please show your work and explain your calculations. (3 points)

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