Question 30 2 pts Andy purchased one new asset during the year (five your property) on November 10, 2020, at a cost of $660,000/ He would like to use the $ 170 expensing election and will also take bonus depreciation. The income from the business before the cost recovery deduction and the $ 170 deduction was $600,000. The first year MACRS rate for the asset is 5%. The maximum cost recovery deduction available on this aset for 2020 $3.000 $3,300 $600,000 5660.000 None of the above financial information for 2020