Depreciation expense. Richardies' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $80,000. Calculate the depreciation schedule using seven-year life for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, Use the half-year convention for both methods. Compare the depreciation schedules before and after tases using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year ifte, straight-aine depreciation and the half-year convention for the first and tast years, what is the annual depreciation of the trimmer? $ 12.200(Round to the nearest dollar) Using a seven-year life, straight-ane depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? (Round to the nearest dollar) 5 MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 5 Year 10-Yea 1 2 3 13 - YOU 33.33% 44,45% 14.81% 7.41% 20.00% 32.00% 19.20% 11.52% 11.52% 5.78% Tea 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 5 Olo00oor 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 8 10 11