1a. An owner of a horse farm purchases a thoroughbred stallion racing horse for $100,000. The owner expects high profits from this horse on the race track over the next 3 years. Which depreciation method would be best to use for tax purposes?

1b. If the owner in uses straight line deprecation to depreciate the $100,000 horse in the previous question as five year property with a half year convention, what is the depreciation the first year? Round your answer to the nearest dollar.