Please select the best answer for each of the following questions. Unless otherwise stated, the questions relate to the current tax year.

Karen's one property purchase for the year relating to her business is a $500,000 piece of equipment purchased and put into use on December 31. Karen would like to maximize tax deprecation for the year. How much depreciation can she deduct for the year? $100,000 $50,000 $0 $500,000