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Problem 8-39 (LO. 2, 3) Olga is the proprietor of a small business. In 2020, the business's income, before consideration of any cost recovery or

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Problem 8-39 (LO. 2, 3) Olga is the proprietor of a small business. In 2020, the business's income, before consideration of any cost recovery or $ 179 deduction, is $250,000 Olga spends $620,000 on new 7-year class assets and elects to take the $ 179 deduction on them. She does not claim any available additional first-year depreciation. Olga's cost recovery deduction for 2020, except for the cost recovery with respect to the new 7-year assets, is $95,000 If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. a. What is the tentative amount of Olga's overall 5 179 deduction for the seven-year class assets before any income limitation? b. What is the total amount of Olga's $ 179 deduction for the seven-year class assets after any income limitation? 6. What is Olga's total cost recovery depreciation deduction (including any $ 179 deduction)? d. What is the amount of any $ 179 carryforward

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