Vaughan owns and operates a daycare. In 2023, he purchased and placed the following new assets into service for his business:

February 4, a $1,250 karaoke Vaughan owns and operates a daycare. In 2023, he purchased and placed the following new assets into service for his business:

February 4, a $1,250 karaoke system.

June 16, a $600 table.

August 2, a $1,000 iPad.

He did not opt out of bonus depreciation. What is the total depreciation for the karaoke system?

$357

$500

$1,000

$1,250