An owner of a mine has just purchased new mining equipment for $100,000 that she plans to use for 5 years betore disposing of it. Answer the following two quastions Click the icon to view the partial listing of depreciable assets used in business. The equipment's MACRS-ADS recovery period for tax purposes is: A. Four years B. Seven years C. Ten years D. Six years E. Five years The equipment's MACRS-ADS depreciation for the first year is equal to: A. $20,000 B. $10,000 C. $5,000 D. $14,290 E. $7,145