Kristyn purchased video recording equipment. The equipment is used 40% for her wedding photography business and 60% for personal purposes. Which of the following correctly describes how the equipment will be treated? Bonus depreciation is permitted for up to 40% of the purchase price. The GDS recovery period is required to be appliod for depreciation purposes. The Section 179 deduction is limited to net profits from the business. The straight-line method of depreciation is required. Mark for follow up