Calculate the 2017 depreciation expense that would be reported on the client's 2017 tax return. You can assume there were no other asset purchases, the client is a Single Member LLC, and has $40,000 in Net Income before any depreciation. Calculate both MACRS and Section 179 that this client qualifies to deduct without generating a Section 179 Carryover.

Year Purchase Date Useful Life Purchase Price 2017 8/30/2017 39 $ 375,000.00

2017 3/1/2017 5 $ 15,000.00

2017 4/1/2017 7 $ 80,000.00

2017 6/1/2017 5 $ 28,000.00

2017 12/1/2017 5 $ 40,000.00

2016 3/15/2016 5 $ 20,000.00

2016 4/1/2016 5 $ 10,000.00

2016 6/15/2016 5 $ 50,000.00

2016 7/15/2016 7 $ 10,000.00

2016 11/10/2016 7 $ 75,000.00

2015 2/15/2015 7 $ 10,000.00

2015 6/15/2015 5 $ 12,000.00

2015 8/15/2015 5 $ 15,000.00

2015 12/15/2015 7 $ 7,000.00

2015 12/31/2015 7 $ 10,000.00