Exercise $8-24($Algorithmic$)($LO$.3)$

McKenzie purchased qualifying equipment for his business that cost $$373,100$ in $2022.$ The taxable income of the business for the year is $$126,800$ before consideration of any $179$ deduction.

If an amount is zero, enter $"0".$

a$.$ Calculate McKenzie's $179$ expense deduction for $2022$ and any carryover to $2023.$

$179$ expense deduction for $2022$: $

$179$ carryover to $2023$: $

b$.$ How would your answer change if McKenzie decided to use additional first$-$year $($bonus$)$ depreciation on the equipment instead of using $179$ expensing? Hint: See Concept Summary $8\mathrm{.}3.$

$179$ expense deduction for $2022$: $

$179$ carryover to $2023$: $