Question: Hi, please answer the following question and show your work. Thank you and hope you have a good weekend. Question 20 2.3 pts Sookie LLC

Hi, please answer the following question and show your work. Thank you and hope you have a good weekend.

Hi, please answer the following question and show
Question 20 2.3 pts Sookie LLC placed in service on November 29, 2021, machinery (seven-year property) with a basis of $1,100,000. This is the only property Sookie purchased and placed in service in 2021. Sookie's taxable income before any 179 deduction or depreciation is $ 100,000. Assume Sookie elects to claim the maximum sec. 179 amount and also wants to claim MACRS accelerated depreciation on the remaining amount. Which of the following statements are true? Sookie will deduct $179 expense totaling $92,855. Sookie will deduct $179 expense totaling $98,215. Two of the other choices are correct statements. Sookie will deduct $179 expense totaling $1,050,000. Sookie will deduct $ 7,145 in MACRS depreciation

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