Becker CPA Review 8-1 Michael Sima, a sole proprietor craftsman, purchased an amount of equipment in the current year that exceeded the maximum allowable 179 depreciation election limit by $20,000. Sima's total purchases of property placed in service in the current year did not exceed the 179 phaseout threshold. All of the personal property (including the equipment) was purchased in November of the current year. Sima elected the maximum 179 and elected out of bonus depreciation. The 179 expense election did not create or increase a loss on Sima's Schedule C for the current year. Which method may Sima use to depreciate the remaining equipment in the current year? O Sima may not depreciate any additional equipment other than the $179 maximum in the current year and must carry forward the excess amount to use in the following taxable year b. MACRS half-year convention for personal property O MACRS mid-quarter convention for personal property Od. Straight-line, mid-month convention for real property