Daytona Corporation, a manufacturing corporation, acquires the following business assets in the current year:

LOADING...

(Click the icon to view the assets.)

a.	Which of the assets above are eligible for depreciation under the MACRS rules or amortization under Sec. 197?
b.	What recovery period should be used for each of the assets listed above that come under the MACRS rules or under Sec. 197?

Requirement a. Which of the assets above are eligible for depreciation under the MACRS rules or amortization under Sec.

197?(Complete

all input fields.)

Assets	Subject to MACRS Depreciation	Subject to Sec. 197 Amortization
Furniture	Yes	No
Plumbing fixtures	Yes	No
Land	No	No
Goodwill	No	Yes
Trademark	No	Yes
Automobile	Yes	No
Heavy Truck	Yes	No
Machinery	Yes	No
Building used in manufacturing	Yes	No Requirement b. What recovery period should be used for each of the assets listed above that come under the MACRS rules or under Sec. 197? (Complete all input fields.) (my options are 5, 7, 15, 27.5, and 39 years)