Han owns a landscaping business in Denver Colorado. In 2020, Han purchases two new dump trucks for his business (five year property). The trucks cost $125,000 each. He places the blue dump truck into service on June 1, 2020. He placed the red dump truck into service on December 8, 2020. Han would like to limit any 179 deductions for the trucks to a single amount of $50,000 in total. He would like to split his elected 179 deduction evenly between the two trucks. The trucks are the only assets Han placed in service during the year. In addition, Han has active income in the amount of $1,000,000. What are the tax consequences for Han? 1) The trucks are considered property. 2) Hans depreciable basis in the blue truck is . Hans depreciable basis in the red truck is . 3) Han will use the Mid- convention. 4) Han's 2020 depreciation deduction for the blue truck will be and the depreciation on the red truck will be . 5) Han's 2021 beginning adjusted basis for the blue truck will be and the beginning adjusted basis on the red truck will be