Old McDonald bought the following assets in 2021: -Used tractor: $100,000 -New Combine: $400,000 -Used Pickup: $30,000 -Used Pivot: $75,000 -New Machine Shed: $300,000 What are Old McDonald's depreciation options? Use a regular depreciation rate on all five assets Use 75% bonus on the combine and machine shed Use $475,000 of Section 179 on the combine and pivot, bonus on the tractor and machine shed and regular depreciation on the pickup Only to use bonus and regular depreciation where applicable because he went over the purchase spending limit for Section 179 a W C