Exercise 8-26 (Algorithmic) (LO. 3) Mckenzie purchased qualifying equipment for his business that cost $473,800 in 2019. The taxable income of the business for the year is $11,200 before consideration of any 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's $ 179 expense deduction for 2019 and any carryover to 2020. $ 179 expense deduction for 2019: $ 5,600 X $ 179 carryover to 2020: $ 206,400 X 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 8.5. $ 179 expense deduction for 2019: $ 0 $ 179 carryover to 2020: $ 0