QUESTION 1 ON MAY STH, NICK PURCHASED AND PLACED INTO SERVICE A NEW $40,000 CAR [S-YEAR CLASS LIFE) WITH A GVW 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 DEPRE CIATION ASSUMING THE HALF-YEAR CONVENTION APPLIES, WHAT IS HIS DEPRECIATION EXPENSE? 58.000 510,860 $4,800 O $18,100