Firm J purchased a depreciable business asset for $72,000. Assuming the firm uses the half-year convention, compute its first-year MACRS depreciation of the asset is: Use Table 7-1 and Toble 7-2 Required: a. A land irrigation system, b. Duplicating equipment. c. An oceangolng barge. d. Small manufacturing tools. (For all requirements, round your answers to the nearest whole dollar amount.) MACRS Depreciation A land irrigation system b. Duplicating equipment c. An ceangoing barge d. Small manufacturing tools TABLE 7.2 MACRS for Business Personalty (Hall-Year Convention) Year 3-Year 5-Year 15-Year 20-Year 1 2 3 4 5 6 7 8 33.33% 4445 14.81 7.41 20.00% 32.00 19.20 11.52 1152 Recovery Period 7-Year 10-Year Depreciation Rate 14.299 10.00 24 49 18.00 17.49 14.40 12.49 1152 893 9.22 8.92 737 8.93 655 446 6.55 6 56 6.55 3.28 5.76 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 9 3.90 10 11 12 13 14 15 16 17 18 19 20 21 3.7509 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4462 4.461 4.462 4.461 4462 4.461 4462 4.461 4462 4.461 5.91 5.90 5.91 5.90 591 2.95 MacBook Pro OSC Q Q Search or enter address ! 2 W# 2 $ 4 & % 5