Tax Drill - Section 179 For his business, McKenzie purchased qualifying equipment that cost $212,000 in 2020. 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". for 2020. His 179 carryover to a. McKenzie's 179 expense deduction is $ 2021 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 2020. His 179 carryover to 2021 is