Checkmy 7 Problem 6-49 (LO 6-3) 10 Walt purchased electronic equipment five-year property) for $5,000. 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 640 Required: .. Determine the tax deduction for the year of acquisition under both onemotives for the business vee portion b. What is the overall tax savings between the two alternatives Exclusive business use 60% Personal and 40% Business To savings S 5 1,000 400