BOBBY MADE A SIGNIFICANT INVESTMENT IN A NEW PIECE OF INDUSTRIAL EQUIPMENT (7-YEAR PROPERTY) DURING THE YEAR. THE CAPITALIZED COST OF THE EQUIPMENT WAS $2.85 MILLION. HE DID NOT PLACE ANY OTHER ASSETS INTO SERVICE DURING THE YEAR. HIS BUSINESS INCOME BEFORE ANY 179 DEPRECIATION WAS $2 MILLION. ASSUMING THE HALF-YEAR CONVENTION APPLIES, WHAT WOULD HIS DEPRECIATION DEDUCTION USING ONLY SEC. 179 (INCLUDE ANY ADDITIONAL MACRS DEPRECIATION, IF APPLICABLE)? WHAT WOULD BE HIS DEPRECIATION