George Young Industries $($GYI$)$ acqulred Industrial robots at the beginning of $2022$ and added them to the company's assembly process. During $2024,$ management became aware that the $$26$ million cost of the equipment was inadvertently recorded as repair expense on GYI's books and on Its income tax return. The Industrial robots have $10-$year useful IIves and no materlal salvage value. This class of equipment is depreclated by the straight$-$line method for financlal reporting purposes and for tax purposes it is consldered to be MACRS $7-$year property. Cost deducted over $7$ years by the modified accelerated recovery system as follows:

$\backslash$table$[[$Year$,$MACRS DEductions$],[2021,$$$371,540$