Question 4 20 pts Bill's one property purchase for the year relating to his business is a $1,000,000 piece of equipment purchased and put into use on December 31. Bill would like to maximize tax deprecation for the year, Bill may immediately expense the entire $1,000,000 asset purchase. Depreciation used for tax can be no more than the amount deducted on the financial statements. Bill cannot depreciate the asset until next tax year Bill should use the half-year convention Bill should depreciate the asset this year using the mid-month convention