All of the following statements are correct regarding 100% expensing (bonus depreciation) except The property cannot be acquired from a related party. Only new property is eligible for bonus depreciation. Qualified property would not include any property used by a regulated public utility company or any property used in a real property trade or business. The Tax Cuts and Jobs Act (TCJA) increased the 50% first-year bonus depreciation to 100% for qualified property.

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?