Question 16 Not yet answered Points out of 1.00 In this year, Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $3220000. No other personal property was purchased during the year. Jason wants to take the largest possible tax deduction in 2020 related to this property. To get the largest tax deduction possible in 2020 for the business equipment, how much Code Sec. 179 deduction can Jason Products take? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] Flag question Answer: Question 17 Not yet answered Points out of 1.00 In this year, Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $3460000. No other personal property was purchased during the year. Jason wants to take the largest possible tax deduction in 2020 related to this property. To get the largest tax deduction possible in 2020 for the business equipment, what is the total depreciation expenses related to this business equipment in this year? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] Flag