Exercise 8-26 (LO. 3) McKenzie purchased qualifying equipment for his business that cost $212,000 in 2019. The taxable income of the business for the year is $5,600 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: $ § 179 carryover to 2020: $ 212,000 X 5,600 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: $ § 179 carryover to 2020: $