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Taxpayer, who owns a wine bar, purchases a piece of equipment from the bar owner next door for $50,000. The equipment is placed in service

Taxpayer, who owns a wine bar, purchases a piece of equipment from the bar owner next door for $50,000. The equipment is placed in service during the third quarter of the year. Taxpayer also purchases a warehouse to store her product for $600,000. The warehouse is placed in service in November. What amount is taxpayer's deduction for regular depreciation in year 1? O $50,000 $51,926 $1,926 $650,000 Taxpayer is working to start a new business. In November of 2021 he paid $35,000 of start-up expenses and $6,000 of organizational costs. Taxpayer's business started on 01.01.2022. What amount can taxpayer deduct as organizational expenses on his 2021 tax return for these expenses. $0 $12,066 $6,000 $10,000

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