Triton Industries acquires $400,000 of 7-year MACRS equipment in March 2019. Triton’s tax director understands that there are three ways that Triton can recover the cost of the equipment: (1) expense it (2) bonus depreciation (3) regular depreciation.

REQUIRED:

Complete the following table

Tax Year	Section 179 expense	Bonus Depreciation	Regular Depreciation
2019
2020

YOU MUST show the computation of the regular depreciation WITHOUT using the percentage shown in the cost recovery tables. That is, you must show me how the cost recovery deduction is computed step-by-step.

For the bonus and the section 179…

Is an election required for either, or both?

IF no elections are made which one is the default deduction?