ON MAY STH. NICK PURCHASED AND PLACED INTO SERVICE A NEW $40,000 CAR (5-YEAR CLASS LIFEJ WITH AGVW OF 5,000. THE CAR WAS USED 60% FOR BUSINESS AND 40% FOR PERSONAL USE. NICK DID NOT ELECT $ 179 IMMEDIATE EXPENSING BUT UTILIZED FIRST-YEAR BONUS DEPRECIATION. ASSUMING THE HALF-YEAR CONVENTION APPLIES, WHAT IS HIS DEPRECIATION EXPENSE? $18,100 $4,800 $8,000 $10,860 QUESTION 3 SUE WAS CONSIDERING STARTING A NEW BUSINESS DURING HER PRELIMINARY INVESTIGATION RELATED TO THE NEW VENTURE, SHE INCURRED THE FOLLOWING EXPENDITURES: SALARIES $21.500 TRAVEL 19.000 INTEREST 3.000 PROFESSIONAL FEES 12,500 SUE BEGINS THE BUSINESS ON MAY IST AND ELECTS $ 195 TREATMENT FOR HER STARTUP EXPENDITURES. WHAT IS HER TOTAL AMORTIZATION DEDUCTION FOR STARTUP EXPENDITURES FOR THE YEAR $4,267 55.000 55,833 $2,000