5. In 2018, three assets were purchased and placed in service by a firm: Asset Type Machine tools CNC machine Warehouse Date Placed in Service March 16 May 20 June 16 Cost Base $3,000 $75,000 $301,000 MACRS Property Class 3 years 7 years 39 years 6 Click the icon to view the MACRS depreciation schedules for personal property. 7 Click the icon to view the MACRS percentages for nonresidential real property Identify the depreciation method used to compute the depreciation allowances for machine tools. Choose the correct answer below. O A. Straight-line depreciation and the midmonth convention B. Double-declining-balance depreciation OC. MACRS three-year depreciation with the half-year convention OD. MACRS seven-year depreciation with the half-year convention O E. DDB with conversion to straight-line depreciation Compute the depreciation allowances for machine tools. Fill in the table below. (Round to the nearest cent.) n Depreciation 1 $ 2 $ 3 $ 4 $ Identify the depreciation method used to compute the depreciation allowances for the CNC machine. Choose the correct answer below. O A. MACRS seven-year depreciation with the half-year convention OB. DDB with conversion to straight-line depreciation OC. MACRS three-year depreciation with the half-year convention OD. Straight-line depreciation and the midmonth convention E. Double-declining-balance depreciation Compute the depreciation allowances for the CNC machine. Fill in the table below. (Round to the nearest cent.) Depreciation 1 $ 2 $ 3 $ 4 $ 5 $ 6 $ 7 $ 8 $ Identify the depreciation method used to compute the depreciation allowances for the warehouse. Choose the correct answer below. A. Straight-line depreciation and the midmonth convention B. DDB with conversion to straight-line depreciation C. MACRS three-year depreciation with the half-year convention D. MACRS seven-year depreciation with the half-year convention E. Double-declining-balance depreciation Compute the depreciation allowances for the warehouse. Fill in the table below. (Round to the nearest cent.) n Depreciation 1 $ 2-39 $ 40 $ 6. More Info