Question: Exercise 8-24 (Algorithmic) (LO. 3) McKenzie purchased qualifying equipment for his business that cost $367,800 in 2021. The taxable income of the business for the

Exercise 8-24 (Algorithmic) (LO. 3) McKenzie purchased qualifying equipment for his business that cost $367,800 in 2021. The taxable income of the business for the year is $118,300 before consideration of any 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's 179 expense deduction for 2021 and any carryover to 2022. 179 expense deduction for 2021: $fill in the blank 1 179 carryover to 2022: $

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