QUESTIONS BOBBY MADE A SIGNIFICANT INVESTMENT IN A NEW PIECE OF INDUSTRIAL EQUIPMENT (7-YEAR PROPERTY) DURING THE YEAR. THE CAPITALIZED COST OF THE EQUIPMENT WAS $2.85 MILLION HE DID NOT PLACE ANY OTHER ASSETS INTO SERVICE DURING THE YEAR. HIS BUSINESS INCOME BEFORE ANY $ 179 WAS $2 MILLION ASSUMING THE HALF-YEAR CONVENTION APPLIES, WHAT WOULD HIS DEPRECIATION DEDUCTION USING ONLY SEC. 179 (INCLUDE ANY ADDITIONAL MACRS DEPRECIATION, IF APPLICABLE)? WHAT WOULD BE HIS DEPRECIATION DEDUCTION USING ONLY FIRST-YEAR BONUS DEPRECIATION? [USE THE TABLES PROVIDED IN CLASS] $1,020,000 Sec. 179; $2,850,000 first-year bonus $720,000 Sec. 179; 2,850,000 first-year bonus O $407,265 Sec. 179; 52,442,735 first-year bonus $1,024,377 Sec. 179; $2,850,000 first-year bonus