Walt purchased electronic equipment (five-year property) for $4,400. He could use the electronic equipment exclusively for his business, or he could allow his family to use the electronic equipment 60% of the time and 40% would be for business use. Assume that Walt would not elect $179 expensing or 100% bonus, and that he is in the 24% tax bracket. (Use Table 6A-1) Required: a. Determine the tax deduction for the year of acquisition under both alternatives for the business use portion. b. What is the overall tax savings between the two alternatives? Note: Round your final answer to the nearest whole dollar. a. Tax deduction Exclusive business use a. Tax deduction -60% Personal and 40% Business b. Tax savings