Each asset is todepreciated over its entireuseful life and each assetshould depreciated on aseparate page.A$.$ For the properties listed below compute the depreciation taken duringthe useful life of the property. Assume that all property is post$-1986$Property and that $15$percent of the cost ofresidential and commercialproperties are assigned toland.B$.$ Include columns for the applicable AMT depreciation and theaccompanying AMT adjustment. You can follow the example given on the attached spreadsheet.TIP: The AMT adjustment for personal property is the difference betweenthe DEPRECIATION taken under MACRS and the amount determined by using $150\%$declining balance $($DB$)$ method under ADS. The AMT adjustment for real property isthe difference between the DEPRECIATION taken under MACRS and the amountdetermined by using strait line $($SL$)$ method under ADS.PROPERTYTractor unitComputerRace horse over $2$ years old $80,000$Luxury AutomobileGeneral Purpose TruckOffice Desk$|$Office Safe$|$ Light BoatPetroleum RefiningCOSTInstallation$6,7002,950120,00046,0002,9002,20098,000342,000$PLACEDINSERVICE$15$ Feb$|12$ May$25$ Nov$15$ May$199813$ Oct$5$ Jan$|7$ Sept$27$ July$15$ June$|$Residential Rental Building $13,000,00026$ April