36. On June 1, 2011, Ace Dairy bought 5 brown cows, at $4,000 each (total $20,000). On December 15, 2011 Ace purchased one red cow for $5,000. On its 2011 tax return, Ace elected 50% first year and declined special section 139 write-off. On January 3, 2013 one of the brown cows died of old age On November 20, 2014 Ace sold the red cow for $3,800. Cows are five year MACRS items. Compute the MACRS for 2011, 2012, 2013 and 2014. Compute gain and/or loss on death of brow cow and sale of red cow