You are to research the relevant tax code and make recommendations to her in the form of a memorandum for each situation.Nora owns a bakery that has been in business for three years. She has reached out to you, her CPA, for advice as she is planning on expanding her business and buying some equipment for her store. She has heard quite a bit from her fellow business owners about bonus depreciation and the ability to take an extra deduction in year one. She needs some advice on whether the assets qualify. She is planning on buying a new oven priced at $10,000, a new bakery display case priced at $5,000, a new connected refrigerator and freezer priced at $7,000, and a used commercial mixer priced at $5,000, and she plans to add some leasehold improvements to the building (work on air condition duct and roofing) priced at $20,000. Her business has been profitable for the last couple of years, averaging $500,000 a year. In a short memorandum, advise how she can apply depreciation, bonus depreciation, and any other special depreciation available for these assets she placed into service on January 1 of this year. Be specific regarding code sections or any other primary or secondary sources.