Question 4A (20 points) Sid bought a $650,000 seven-year class asset on May 5, 2009. His income is $2.5 million. Sid wants to maximize his depreciation expense deduction. He makes the $ 179 election to expense and takes the bonus depreciation along with the regular depreciation. a. Calculate his TOTAL 8 179 expense and depreciation deduction for 2009 using MACRS? b. Calculate his depreciation deduction for 2010 using MACRS? Question 4A I On July 2. 2014. Scott purchased a commercial building. The cost basis assigned to the building is $600,000. Scott also owns a residential apartment building he purchased on June 15, 2015 with a cost basis of $400,000 a. Calculate Scott's total depreciation deduction for the buildings for 2015 b. Calculate Scott's total depreciation deduction for the buildings for 2016. Question 4A (20 points) Sid bought a $650,000 seven-year class asset on May 5, 2009. His income is $2.5 million. Sid wants to maximize his depreciation expense deduction. He makes the $ 179 election to expense and takes the bonus depreciation along with the regular depreciation. a. Calculate his TOTAL 8 179 expense and depreciation deduction for 2009 using MACRS? b. Calculate his depreciation deduction for 2010 using MACRS? Question 4A I On July 2. 2014. Scott purchased a commercial building. The cost basis assigned to the building is $600,000. Scott also owns a residential apartment building he purchased on June 15, 2015 with a cost basis of $400,000 a. Calculate Scott's total depreciation deduction for the buildings for 2015 b. Calculate Scott's total depreciation deduction for the buildings for 2016