Bobby made a significant investment in a new piece of industrial equipment ( 7 year life) in 2018. the capitalized cost of the equipment was $2.85 million. he did not place any other assets into service during 2018. his business income before any 179 was $2 million. assuming the half-year convention applies, what would his 2018 depreciation deduction using only sec 179

BOBBY MADE A SIGNIFICANT INVESTMENT IN A NEW PIECE OF INDUSTRIAL EQUIPMENT (1-YEAR PROPERTY) IN 2018. THE CAPITALIZED COST OF THE EQUIPMENT WAS $2.85 MILLION. HE DID NOT PLACE ANY OTHER ASSETS INTO SERVICE DURING 2018. HIS BUSINESS INCOME BEFORE ANY $ 179 WAS 52 MILLION ASSUMING THE HALF-YEAR CONVENTION APPLIES, WHAT WOULD HIS 2018 DEPRECIATION DEDUCTION USING ONLY SEC. 179 (INCLUDE ANY ADDITIONAL MACRS DEPRECIATION, IF APPLICABLE)? WHAT WOULD BE HIS 2018 DEPRECIATION DEDUCTION USING ONLY FIRST YEAR BONUS DEPRECIATION? [USE THE TABLES IN YOUR TEXTBOOK OR PROVIDED IN YOUR LECTURE SLIDES) 5650.000 Sec. 179: 2,850,000 first year bonus 5964.380 Sec. 179: 52.850.000 first-year bonus 5407,265 Sec. 179: 52,442,735 first year bonus $1,000,000 Sec. 179: 52.850.000 first-year bonus