Tax Drill $-$ Section $179$

For his business, McKenzie purchased qualifying equipment that cost $$212,000$ in $2023.$ The taxable income of the business for the year is

$$5,600$ before consideration of any $179$ deduction.

If an amount is zero, enter $"0".$

a$.$ McKenzie's $179$ expense deduction is $

for $2023.$ His $179$ carryover to $2024$ is $

b$.$ How would your answer change if McKenzie decided to use additional first$-$year $($bonus$)$ depreciation on the equipment?

McKenzie's $179$ expense deduction is $

for $2023.$ His $179$ carryover to $2024$ is $