Big Corporation acquired and placed in service the following 100% business-use assets. Big did not claim Sec. 179 or bonus depreciation expensing on any of these properties. (Click the icon to view the business-use assets.) Read the requirements. Truck (light-duty, modified non-personal use) costing $20,000: Placed in service on March 3, 2020 with a 5-year MACRS recovery period. Machinery costing $70,000: Placed in service on November 15, 2020 with a 7-year MACRS recovery period. Land costing $80,000: Placed in service on October 12, 2020. Building costing $180,000: Placed in service on December 4, 2020 with a 39-year MACRS recovery period. Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 8.55 6.677 14.40 11.52 Year 4 7.41 11.52 12.49 7.70 6.177 Year 5 8.93 9.22 6.93 5.713 11.52 5.76 Year 6 8.92 7.37 6.23 5.285 Year 7 8.93 5.90 4.888 6.55 6.55 Year 8 4.46 5.90 4.522 6.56 5.91 4.462 6.55 3.28 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 5.90 5.91 5.90 5.91 5.90 5.91 2.95 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 4.461 Year 21 2.231 Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 58.33 35.00 25.00 17.50 8.75 6.563 Year 2 27.78 26.00 21.43 16.50 9.13 7.000 Year 3 12.35 15.60 13.20 6.482 15.31 10.93 8.21 7.39 Year 4 1.54 11.01 10.56 Year 5 11.01 8.75 8.45 6.65 5.996 5.546 5.130 Year 6 1.38 8.74 6.76 5.99 5.90 Year 7 8.75 6.55 4.746 Year 8 1.09 6.55 5.91 4.459 Year 9 6.56 4.459 6.55 5.90 5.91 5.90 Year 10 Year 11 4.459 0.82 4.459 Year 12 5.91 4.460 Year 13 5.90 4.459 Year 14 5.91 4.460 Year 15 5.90 4.459 Year 16 0.74 4.460 Year 17 4.459 Year 18 4.460 Year 19 4.45 4.460 Year 20 Year 21 0.557 Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 8.33 61.11 1.25 9.88 8.89 20.37 10.19 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 3.57 27.55 19.68 14.06 10.04 5.00 38.00 22.80 13.68 10.94 9.58 2.50 19.50 15.60 12.48 9.98 7.99 6.55 0.938 7.430 6.872 6.357 5.880 5.439 8.00 7.20 6.48 5.90 8.73 8.73 7.64 5.031 4.654 5.90 6.55 6.56 Year 9 5.90 4.458 Year 10 6.55 5.91 4.458 Year 11 5.74 5.90 4.458 Year 12 5.91 4.458 Year 13 5.90 4.458 Year 14 5.91 4.458 Year 15 5.90 4.458 Year 16 5.17 4.458 Year 17 4.458 Year 18 Year 19 Year 20 Year 21 4.459 4.458 4.459 3.901 General Depreciation System-MACRS Nonresidential Real Property Placed in Service After 5/12/93 Applicable Recovery Period: 39 years Applicable Depreciation Method: Straight Line Month in the First Recovery Year the Property Is Placed in Service and Depreciation Rate Recovery Year 1 2 3 4 5 6 7 8 9 10 11 12 1.819 1.391 0.749 Year 1 2.461 2.247 Years 239 2.564 2.564 2.033 2.564 1.605 2.564 1.177 2.564 0.963 2.564 0.535 2.564 0.321 2.564 0.107 2.564 2.564 2.564 2.564 Year 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461 Requirement a. What is Big's total depreciation deduction in 2020? (Use MACRS rates to three decimal places, X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "0" if no depreciation is allowed.) Asset 2020 Depreciation Truck Machinery Land Building Total depreciation Requirement b. Big Corporation sells the machinery on February 2, 2022 and sells the building on September 18, 2022. What are the adjusted bases of these two assets on the dates of sale (compute accumulated depreciation to date of sale)? Select the formula and enter the amounts to compute the adjusted basis of the two assets on the sale date. (Use MACRS rates to three decimal places, X.XXX%. Round interim annual depreciation calculations and your final answers to the nearest dollar.) Asset = Adjusted basis at time of sale II Machinery Building