During the year, a calendar-year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased and placed in service equipment as follows: Date Asset Cost March 3 Refrigerators 600,000 October 9 Equipment 1,200,000 Assume the property is all 5-year property. Calculate depreciation for the new assets, assuming Sec. 179 expensing and bonus depreciation are not claimed? Basis Convention Current Depreciation Expense Refrigerators 600000 5 Equipment 1200000 5 MACRS 5-year Depreciation Rates Year HY MQ-Q1 MQ - Q2 MQ - Q3 MQ - 04 1 20.00% 35.00% 25.00% 15.00% 5.00% 2 32.00% 26.00% 30.00% 34.00% 38.00% 3 19.20% 15.60% 18.00% 20.40% 22.80% 4 11.52% 11.01% 11.37% 12.24% 13.68% 5 11.52% 11.01% 11.37% 11.30% 10.94% 6 5.76% 1.38% 4.26% 7.06% 9.58% During the year, a calendar-year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased and placed in service equipment as follows: Date Asset Cost March 3 Refrigerators 600,000 October 9 Equipment 1,200,000 Assume the property is all 5-year property. Calculate depreciation for the new assets, assuming Sec. 179 expensing and bonus depreciation are not claimed? Basis Convention Current Depreciation Expense Refrigerators 600000 5 Equipment 1200000 5 MACRS 5-year Depreciation Rates Year HY MQ-Q1 MQ - Q2 MQ - Q3 MQ - 04 1 20.00% 35.00% 25.00% 15.00% 5.00% 2 32.00% 26.00% 30.00% 34.00% 38.00% 3 19.20% 15.60% 18.00% 20.40% 22.80% 4 11.52% 11.01% 11.37% 12.24% 13.68% 5 11.52% 11.01% 11.37% 11.30% 10.94% 6 5.76% 1.38% 4.26% 7.06% 9.58%