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MACRS uses accelerated depreciation for: Real estate only. Personalty only. Neither personalty nor real estate. Both personalty and real estate. Dr. Payne, a dentist, performed

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MACRS uses accelerated depreciation for: Real estate only. Personalty only. Neither personalty nor real estate. Both personalty and real estate. Dr. Payne, a dentist, performed some dentistry for his neighbor in 2019. Instead of cash, he received a used snowblower with FMV $400. In 2020, he was able to sell the snowblower for $550. How much income does Dr. Payne recognize in 2019 and 2020, respectively? $400; $550 $400; $150 None; $550 None; None

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