Question 3 of 40.

Kyra purchased video recording equipment that she uses in her wedding photography business. The equipment was placed in service on February 20, 2019. The equipment is used 40% for business. What restrictions does Kyra have?

The camera must be depreciated under the ADS rules.

Bonus depreciation is limited to 40% of the purchase price.

The GDS recovery period must be used.

The Section 179 deduction is limited to her net profits from the business