Question 7 of 8. Daniel has a bookkeeping business with five employees. To facilitate them being able to work from home and at the office, Daniel purchased five laptop computers in January 2023 at a cost of $1,700 each. If Daniel uses bonus depreciation in 2023, what is his deduction? $3,400 $4,250 $6,800 $8,500 Mark for follow up Question 8 of 8. Nicole operates her personal training business as a sole proprietor. She took $15,350 in bonus depreciation in 2020 for fitness equipment she purchased. Nicole sold the equipment in 2022 for $4,500. How does Nicole report the $4,500 on her 2022 tax return? As ordinary income of $4,500 only. As ordinary income of $4,500 plus self-employment tax of $636. As a capital loss of $10,850. Nicole does not have to report the sale proceeds as income since the fitness equipment was already fully expensed on a prior tax return.