ADS and MACRS. (Obj. 1) Peter purchased the following new peoperties to usc in his husines. Equipment: Acquired in April, 2016 at a cost of $144,000 Furniture: Acquired in March, 2020 at a cost of $84,000 Computer: Acquired in July, 2022 at a cost of $10,000 he ever dected out of taking lootus clepreciation. Peter cleces ADS straight line method to depreciate the furniture and computer. The haif ycar convention applies to all thre: propertics. placosf in acricic in 2020