The Cupcakery is a chain of bakeries in the mid-Atlantic region of the US dust operates wing on a calendar year hos Assane the net profit (low) for the Cupcakery in 2020 before incorporating my deprecation deduction is $34.000 of a profit to addon the only tangible personal property the company still owns in 2020 is a large amount of expponent that had purchased on May 5, 2013 for $390,000, which has been used each year to make is cupcakes. In the your in which it acquired the epopeant, de Capcalary opted not to ale any Sec. 179 on the equipment and no other tangible personal was purchased throughout 2018 However, the company dad apply hom depreciation to the expugnent in 2018. Assume the bonus deprecation%lowed in 2011 for this property was 5% (feat from be% allowed in 2020)
What is the net profit (loss) for 2020 per chuding the relevant total deprecation deduction for year 2020

Use the appre depreciation table from your note sheet textbook where necessary.