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Tax Drill - Section 179 For his business, McKenzie purchased qualifying equipment that cost $212,000...

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Accounting

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Tax Drill - Section 179 For his business, McKenzie purchased qualifying equipment that cost $212,000 in 2021. The taxable income of the business for the year is $5,600 before consideration of any $ 179 deduction If an amount is zero, enter "o". a. McKenzie's $ 179 expense deduction is for 2021. His G 179 carryover to 2022 is b. How would your answer change if Mckenzie decided to use additional firstyear (bonus) depreciation on the equipment? McKenzie's 5 179 expense deduction is for 2021. HIS $ 179 carryover to 2022 is $

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