Requirements: In general, S&P's owners (it is a "C" corporation) want to maximize first-year tax depreciation and related deductions. In this context, they also hope to avoid keeping annual depreciation records, if possible. However, after conferring with their financial and legal advisors, related to certain financial covenants and regulatory issues (beyond our scope here), S&P will only consider claiming 1 For students not familiar with the metropolitan Phoenix area, North Scottsdale/Carefree is generally considered a "toney" community - an Arizona version of La Jolla, Beverly Hills or Westchester. Page 1 "bonus depreciation" for software acquisitions, if such a bonus allowance is otherwise available. Given the foregoing, your task is to determine how best to achieve S&P's overall goals relative to depreciation and related deductions. In other words, taking into account the business constraints, how do you apply the federal tax law to maximize their 2022 deductions and minimize the record- keeping burden? P