Big Corporation purchased and placIn $2023,$ Square Corporation purchases the following properties to use in its business:

View the business$-$use assets.

View the MACRS half$-$year convention rates.

View the MACRS mid$-$quarter convention rates for property$-$placed in service in the first quarter.

View the MACRS mid$-$quarter convention rates for property$\_$placed in service in the fourth quarter.

View the MACRS straight$-$line rates for $39-$year property.

Square claims the maximum allowed Sec. $179$ expensing and bonus depreciation, and it uses the calendar year as its tax year.

Read the requirements.

a$.$ What is Square's total depreciation deduction for $2023?($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.$)$ed in service the following $\backslash (100\backslash \%\backslash )$ business$-$use assets $($all of the assets were purchased new$).($Click the icon to view the business$-$use assets.$)($Click the icon to view the MACRS half$-$year convention rates.$)($Click the icon to view the MACRS mid$-$quarter convention rates for property placed in service in the first quarter.$)($Click the icon to view the MACRS mid$-$quarter convention rates for property placed in service in the fourth quarter.$)($Click the icon to view the MACRS straight$-$line rates for $39-$year property.$)$ What is Big's total depreciation deduction in each year for $2017$ through $2021?$More info Assume that Big purchased these assets in $2017,$ when $\backslash (50\backslash \%\backslash )$ bonus depreciation was available. Big claimed bonus depreciation but no Sec. $179$ election on all eligible property in $2017$ and $2018.-$ Truck $($light$-$duty, modified non$-$personal use$)$ costing $\backslash (\backslash$$ $24,000\backslash )$ : Placed in service on February $15,2017$ with a $5-$year MACRS recovery period. $-$ Machinery costing $\backslash (\backslash$$ $58,000\backslash )$ : Placed in service on May $1,2017$ with a $7-$year MACRS recovery period. $-$ Land costing $\backslash$$$69,000$: Placed in service on July $1,2017.-$ Building costing $\backslash (\backslash$$ $110,000\backslash )$ : Placed in service on December $1,2017$ with a $39-$year MACRS recovery period. $-$ Equipment costing $\backslash (\backslash$$ $45,000\backslash )$ : Acquired on December $24,2017$ and placed in service on January $5,2018$ with a $5-$year MACRS recovery period.ReferenceReference General Depreciation System$-$MACRS Personal Property Placed in Service After $12/31/86$ Applicable Convention: Mid$-$Quarter $($Property Placed in Service in First Quarter$)$ Applicable Depreciation Method: $200$ or $150$ Percent Declining Balance Switching to Straight LineReference General Depreciation System$-$MACRS Personal Property Placed in Service After $12/31/86$ Applicable Convention: Mid$-$Quarter $($Property Placed in Service in Fourth Quarter$)$ Applicable Depreciation Method: $200$ or $150$ Percent Declining Balance Switching to Straight LineReference General Depreciation System$$MACRS Nonresidential Real Property Placed in Service After $5/12/93$ Applicable Recovery Period: $39$ years Applicable Depreciation Method: Straight LineBegin by calculating the total Year $1(2017)$ depreciation for each asset. Big claimed bonus depreciation but no Sec. $179$ election on all eligible property in $2017$ and $2018.($Use MACRS rates to three decimal places, X$.$XXX$\backslash \%.$ Round all amounts to the nearest dollar. Complete all input fields. Enter a $0$ if no depreciation is allowed.$)$Now calculate the total Year $2(2018)$ depreciation for each asset. Big claimed bonus depreciation but no Sec. $179$ election on all eligible property in $2017$ and $2018.($Use MACRS rates to three decimal places, $\backslash ($ X $.$ X X X $\backslash \%\backslash ).$ Round all amounts to the nearest dollar. Complete all input fields. Enter a $0$ if no depreciation is allowed.$)$