Flips Gymnastics Center paid \(\$ 140,000\) for fitness equipment that is expected to have a 10 -year life. The expected residual value is \(\$ 40,000\).

Select the appropriate MACRS depreciation method for income tax purposes. Then determine the extra amount of depreciation that Flips can deduct by using MACRS depreciation, versus straight-line, during the first two years of the equipment's life.